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

Odaily Planet Daily News "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 had 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 six months, and its latest valuation is more than four times higher than the approximately $4.3 billion valuation in November last year.

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