--- title: Moonshot chases $50bn valuation with a double raise description: China's Moonshot AI is closing a $31.5 billion funding round and plans to open another targeting a $50 billion valuation as early as August, ahead of a Hong... canonical: https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284 twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Moonshot chases $50bn valuation with a double raise | daily.dev og:description: China's Moonshot AI is closing a $31.5 billion funding round and plans to open another targeting a $50 billion valuation as early as August, ahead of a Hong... og:url: https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284 og:image: https://api.daily.dev/og/posts/ohKDPk284.png og:image:alt: Moonshot chases $50bn valuation with a double raise og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Moonshot chases $50bn valuation with a double raise **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary China's Moonshot AI is closing a $31.5 billion funding round and plans to open another targeting a $50 billion valuation as early as August, ahead of a Hong Kong IPO. The fundraising surge is driven by the release of Kimi K3, a 2.8-trillion-parameter open-weight model that benchmarks near the top of the industry and caused US market turbulence. Annual recurring revenue hit $300 million in June, up from $200 million in April, with daily sales jumping sixfold since K3 launched. However, the open-weight AI business model carries structural risks — rivals Zhipu and MiniMax lost hundreds of millions on modest revenues — and Moonshot itself had to pause new sign-ups due to GPU capacity shortages. The rapid fundraising is a deliberate strategy to capitalize on momentum before potential US regulatory curbs on Chinese AI models. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Moonshot AI seeks $30bn valuation, 7x jump in six months](https://daily.dev/posts/moonshot-ai-seeks-30bn-valuation-7x-jump-in-six-months-zvlrwk1sn) · The Next Web · 0 upvotes · 0 comments - [China’s Moonshot AI raises $2B at $20B valuation as demand for open-source AI skyrockets](https://daily.dev/posts/china-s-moonshot-ai-raises-2b-at-20b-valuation-as-demand-for-open-source-ai-skyrockets-gaat7xfzj) · TechCrunch · 1 upvotes · 0 comments --- Tags: [#llm](https://daily.dev/tags/llm), [#kimi-k3](https://daily.dev/tags/kimi-k3) [View this post on daily.dev](https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Moonshot chases $50bn valuation with a double raise","url":"https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284"},"datePublished":"2026-07-22T12:40:10.203Z","dateModified":"2026-07-23T02:22:38.536Z","description":"China's Moonshot AI is closing a $31.5 billion funding round and plans to open another targeting a $50 billion valuation as early as August, ahead of a Hong...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/f75d79ecb563b16a082305678af51dd1?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/f75d79ecb563b16a082305678af51dd1?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/moonshot-chases-50bn-valuation-with-a-double-raise-ohkdpk284","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"llm,kimi-k3","timeRequired":"PT3M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Moonshot chases $50bn valuation with a double raise"}]} ```