Days after Kimi K3 rattled chip stocks, Moonshot is moving toward a Hong Kong listing at a $30 billion-plus valuation while Alibaba's Qwen goes open-weight. Moonshot AI is seeking shareholder approval for a Hong Kong IPO within six months as it closes a funding round that could lift its valuation above $30 billion. Demand for Moonshot’s new Kimi K3 open-weight model has surged, pushing annual recurring revenue to $300 million and forcing a temporary pause on new subscriptions. The strong p…
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