Chinese AI Firms Fall on Report of DeepSeek, Moonshot Probe
Shares of Chinese AI model developers fell after a report that the countryโs regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.
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Shares of Chinese AI model developers fell after a report that the countryโs regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.
Chinese artificial intelligence start-up Moonshot AI, developer of the popular Kimi K3 model, may explore options for dual listings in Hong Kong and Shanghai in pursuit of greater capital and exposure, according to two people familiar with the matter. Since a meeting with its financial backers in July, when the Beijing-based company negotiated detailed arrangements for an initial public offering in Hong Kong, it has hinted at options to also list on a mainland bourse afterwards, one source...
Chinese artificial intelligence start-up Moonshot AI โ developer of the leading Kimi K3 model โ has confidentially filed for an initial public offering in Hong Kong, according to two people with knowledge of the matter, as the firm seeks to tap public markets to fund its rapid expansion. The Beijing-based company was targeting a Hong Kong listing as early as the first quarter of 2027, the sources told the South China Morning Post, asking not to be identified as the information was private. The...