Moonshot AI Seeks $30 Billion Valuation, Targeting Sixfold Increase by 2025

moonshot AI, the Chinese company behind the Kimi chatbot, is looking for a valuation of up to $30 billion in a new funding round.

The Beijing-based company aims to raise between one and two billion dollars. Annual recurring revenue doubled to roughly $200 million by April. On the technical side, Moonshot can hold its own against US providers. Its current flagship, Kimi K2.6, reportedly matches GPT-5.4 and Claude Opus 4.6 on coding benchmarks. But China’s AI market is crowded. Moonshot competes with DeepSeek, Alibaba, and MiniMax. As recently as April, DeepSeek released V4-Pro, the largest open-weights model to date, bigger than Kimi K2.6 and far cheaper than the competition. Moonshot is also preparing a possible IPO in Hong Kong and is reportedly unwinding its offshore corporate structure to make that happen.AdDEC_D_Incontent-1Ad TopStories Microsoft researcher builds a working neural network out of goats in Age of Empires II to critique AI science Amazon and five other companies reportedly triggered the government crackdown on Anthropic’s Fable model KPMG fabricated AI case studies in a report designed to sell clients on AI adoption Microsoft’s Copilot Cowork moves to usage-based billing and may tap DeepSeek Zhipu AI’s GLM-5.2 closes in on closed-source leaders in coding marathons Don’t MissWhat Matters Stay in the loop on AI. Clear, useful, no fluff. Follow The Decoder for AI news, background stories and expert analyses.