Yuezhi'anmian (Kimi), a prominent player in China’s large model industry, has recently emerged as a beacon of attention within the capital market. The company is on the verge of finalizing a substantial new funding round of $2 billion, which will result in a post-investment valuation surpassing $20 billion. Within the first two months of this year alone, Yuezhi'anmian has successfully closed three rounds of financing, amassing a total of $1.9 billion. With this latest infusion of capital, the company has raised more than $3.9 billion in less than six months, marking a valuation increase of over four times compared to its valuation in November of the previous year. This latest funding round is spearheaded by Meituan Longzhu, with additional investments from China Mobile, CPE, and other prominent backers. Remarkably, Meituan Longzhu has committed over $200 million in a single investment tranche. To date, Yuezhi'anmian has accumulated total financing exceeding RMB 37.6 billion, securing its position as the top-funded startup among domestic large model enterprises. As it confronts intense competition in the large model sector projected for 2026, Yuezhi'anmian has garnered the confidence of investors with its distinctive strengths in long-text processing capabilities and superior user experience. This influx of funding will serve as a robust pillar for its ongoing research and development endeavors, computational power augmentation, and talent acquisition strategies. The market is rife with anticipation regarding its technological advancements and commercialization prospects, hinting that the competition in China’s general artificial intelligence landscape is poised to enter a transformative new era.