Moon's Dark Side is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $20 billion

According to a report from Odaily Planet Daily, "LatePost" exclusively learned that Kimi (Moon's Dark Side) is about to complete a new round of $2 billion in financing, with a post-investment valuation exceeding $20 billion. This round of financing is led by Meituan Dragon Ball, with participation from China Mobile, CPE (CITIC Private Equity), and others, with Dragon Ball alone contributing over $200 million.

In January and February of this year, Kimi just completed three rounds of financing in quick succession, raising $500 million, $700 million, and $700 million, respectively. Including this latest financing, Kimi has raised over $3.9 billion in less than half a year, and its latest valuation has more than quadrupled from approximately $4.3 billion in November of last year.

To date, Kimi's total cumulative financing has exceeded RMB 37.6 billion, making it the company with the highest cumulative financing among large model startups. Including IPO fundraising, MiniMax has raised a total of approximately RMB 15 billion, and Zhipu about RMB 13 billion. As of the midday market close on May 6, MiniMax's market capitalization was approximately RMB 210 billion, while Zhipu's was approximately RMB 347 billion.