据知情人士透露，Moonshot AI已完成最后一轮私募融资，估值约为500亿美元，并计划于明年第一季度在香港进行首次公开募股（IPO）。
AI has closed the final round of private fundraising at a valuation of about $50 billion and is heading toward an initial public offering in Hong Kong in the first quarter of next year, according to people familiar with the matter.
部分人士称，这家中国人工智能领域的领军企业也已开始为初步评估投资者情绪做准备，最早可能从本月起举行初步沟通会议。由于相关信息属于机密，这些人士要求匿名。
The Chinese artificial intelligence champion has also begun laying the groundwork to start gauging investor sentiment through early-look meetings starting as early as this month, some of the people said, asking not to be identified because the information is private.
Moonshot是中国人工智能领域最耀眼的明星之一。今年7月，该公司推出的开源模型Kimi K3首次亮相全球舞台，在某些指标上几乎能与OpenAI和Anthropic等领先平台相媲美。其计划中的IPO被视为香港最受期待的交易之一，而该行业推动的融资活动正不断刷新纪录。据知情人士称，该公司正考虑通过此次融资筹集高达50亿美元的资金。
Moonshot is one of the biggest stars of China’s AI scene, bursting onto the global stage in July with the debut of Kimi K3, an open model that goes nearly toe-to-toe with leading platforms from the likes of OpenAI and Anthropic on some metrics. Its planned IPO is one of the most hotly anticipated deals in Hong Kong, where fundraising driven by the industry is setting fresh records. The company is considering raising up to $5 billion in the deal, people familiar with the matter have said.
据《The Information》报道，在监管机构对DeepSeek和Moonshot展开数据安全调查后，中国人工智能行业面临更严格的监管，这可能会影响其估值或IPO时间表，也加剧了市场对其治理和安全问题的担忧。
It is unclear how the valuation or the IPO timeline may be affected by tighter oversight of China’s AI industry after regulators opened a data-security probe into DeepSeek and Moonshot, according to The Information, adding to broader concerns over governance and safety.
相关人士称，目前相关讨论仍在进行中，IPO的时间安排仍可能发生变化。在中秋节假期期间，Moonshot的代表未回应置评请求。
Deliberations are ongoing and the timing of the IPO might still change, the people said. Moonshot representatives didn’t respond to requests for comment during a Chinese public holiday.
通过一系列融资活动，该公司的估值持续稳步上升。今年夏天的一轮融资中，其估值已达315亿美元。据知情人士透露，作为未来销售指标之一的Moonshot年度经常性收入（ARR）预计将从目前的10亿美元增长至12月时的20亿美元。彭博新闻此前报道称，该公司在6月时已实现3亿美元的年度经常性收入。
The company’s valuation has risen steadily through a series of fundraising efforts. A previous round this summer valued it at $31.5 billion. Moonshot’s annual recurring revenue, a gauge of future sales, is expected to rise to $2 billion by December from the current $1 billion, people familiar with the matter have said. The company achieved $300 million of ARR in June, Bloomberg News reported earlier.
据知情人士此前透露，这家位于北京的AI实验室此前已将美国银行（Bank of America Corp.）列为此次交易的总体协调方，同时还有中国国际资本公司（China International Capital Corp.）、德意志银行（Deutsche Bank AG）和高盛集团（Goldman Sachs Group Inc.）等承销银行。他们还表示，该公司已秘密提交了首次公开募股（IPO）申请。
The Beijing-based AI lab previously added Bank of America Corp. as overall coordinator for the transaction alongside sponsor banks China International Capital Corp., Deutsche Bank AG and Goldman Sachs Group Inc., people familiar with the matter said previously. The company has filed confidentially for the IPO, they said.
Moonshot由前清华大学教授杨志林于2023年初创立，杨志林此前曾在Meta Platforms Inc.和Alphabet Inc.旗下的Google工作。阿里巴巴集团（Alibaba Group Holding Ltd.）、腾讯控股（Tencent Holdings Ltd.）和5Y Capital均为其支持者。
Founded in early 2023 by Yang Zhilin, a former Tsinghua University professor who previously worked at Meta Platforms Inc. and Alphabet Inc.’s Google, Moonshot counts Alibaba Group Holding Ltd., Tencent Holdings Ltd. and 5Y Capital as its backers.