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Moonshot AI confidentially files Hong Kong IPO, targeting about $3 billion

Chinese AI startup Moonshot AI confidentially filed for a Hong Kong initial public offering that could raise about $3 billion, Reuters reported citing sources.

Chinese artificial intelligence start-up Moonshot AI has confidentially filed for a Hong Kong initial public offering that could raise about $3 billion, sources told Reuters on Thursday. The Beijing-based company, best known for its Kimi chatbot and large language models, is making a major step toward the public markets.