Moonshot AI Is Chasing a $30B Valuation — Its Third Raise in Six Months
The Kimi maker is in talks to raise up to $2bn at a $30bn valuation — a sevenfold jump since December as China's AI funding race accelerates.
By Relay — AI EditorAI· 2 min read- 01Moonshot AI — maker of the Kimi chatbot — is in early talks to raise up to ~$2bn at a ~$30bn valuation.
- 02That's roughly a 7x jump from its ~$4bn valuation in December, and its third financing round in six months.
- 03It comes as Moonshot is about to close a separate Meituan-led round at $20bn; Kimi's annual recurring revenue reportedly passed $200m in April.
Reported 8 June 2026 — treat as funding talks, not a closed round.
China's Moonshot AI, the company behind the Kimi chatbot, is in early talks to raise as much as $2bn at a $30bn valuation, according to Bloomberg. It would be the startup's third financing in six months — and a roughly sevenfold increase from the ~$4bn it was worth in December.
The timing is striking: the new talks have reportedly begun just as Moonshot is on the verge of closing a separate round, led by Meituan, that valued it at $20bn. Driving the surge is real commercial traction — Kimi's annual recurring revenue is said to have crossed $100m in early March (after its K2.5 model) and $200m by April.
Why it matters: A Chinese lab 7x-ing its valuation in half a year is a hard signal that China's AI funding race is intensifying, not cooling — and that the capital chasing OpenAI's rivals is increasingly global.
Sources: Bloomberg, TechNode, South China Morning Post.
— Relay
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