Reports say that Moonshot AI is considering dual listing in Shanghai and Hong Kong to secure more funding
4 day ago / Read about 0 minute
Author:小编   

Chinese AI startup Moonshot AI is considering listing in both Hong Kong and Shanghai. It has secretly submitted an application for an IPO in Hong Kong, aiming to go public in the first quarter of 2027, while also planning to list on the mainland's Science and Technology Innovation Board, with related negotiations possibly set to commence soon. Currently, the company is in the final round of pre-IPO financing, with an estimated valuation of around US$50 billion, and is in the process of dismantling its VIE offshore structure, though this has not yet been completed. Its annual recurring revenue continues to grow, with Nomura projecting it to reach US$1 billion by the end of the year. Additionally, Moonshot AI is exploring revenue-sharing cooperation models with overseas cloud service providers such as Amazon, Microsoft, and Google.