TechFlow News, February 17: According to JIN10 Data, sources report that Moonshot AI, a Chinese artificial intelligence startup, is seeking to raise its valuation to $10 billion in an expanded funding round already joined by Alibaba (09988.HK) and Tencent Holdings (00700.HK), aiming to capitalize on strong investor interest in China’s AI model startups. According to insiders, the company—developer of the Kimi chatbot—initiated discussions for this new financing round in early January to meet investor demand. Roughly one month ago, Moonshot AI had just closed a $500 million funding round at a $4.3 billion valuation. Sources indicate that existing investors—including Alibaba, Tencent, and 5Y Capital—have collectively committed over $700 million in the first tranche of this latest round.
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