Moonshot AI completes $500 million Series C financing, with IDG leading $150 million investment
BlockBeats News, December 31, Moonshot AI (Kimi) recently completed a $500 million Series C financing round, with IDG leading the investment with $150 million. Existing shareholders such as Alibaba, Tencent, and Wang Huiwen oversubscribed, bringing the post-investment valuation to $4.3 billion. It is reported that Wang Huiwen has cumulatively invested $70 million in Moonshot AI. A person close to Moonshot AI stated that the enthusiasm for the company in the primary market has exceeded expectations.
On December 31, Moonshot AI founder and CEO Yang Zhilin issued an internal letter stating that the company has more than 10 billion RMB in cash reserves. This scale is already comparable to Zhipu and MiniMax after their IPOs. As of June 2025, Zhipu has 2.55 billion RMB in cash on its books, with its IPO expected to raise about 3.8 billion RMB. As of September 2025, MiniMax has 7.35 billion RMB in cash, with its IPO expected to raise between 3.4 billion and 3.8 billion RMB. Sources said this means Moonshot AI "does not need to rush for an IPO."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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