Moonshot AI targets $10B valuation as Chinese AI startup funding surges

Moonshot, the company behind China's Kimi chatbot, is seeking a $10B valuation in an expanded funding round backed by Alibaba and Tencent. The round comes just a month after securing $500M at a $4.3B valuation, with existing backers already committing over $700M. The valuation more than doubled in a month as investors pour money into Chinese AI startups building models to rival Silicon Valley. Moonshot joins DeepSeek, MiniMax, and Zhipu in attracting billions in new capital.

View full digest for February 17, 2026