---
title: "China’s Moonshot AI accelerates fundraising push ahead of planned IPO: source"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293434663.md"
description: "Chinese AI unicorn Moonshot AI is accelerating fundraising ahead of a planned Hong Kong IPO, targeting a valuation up to $50 billion in its final private round. The company aims to close the current round at $30 billion soon and launch a new one as early as August. This rapid valuation surge reflects strong investor enthusiasm for China's AI sector, with rival DeepSeek also seeking high-valuation financing."
datetime: "2026-07-22T07:14:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293434663.md)
  - [en](https://longbridge.com/en/news/293434663.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293434663.md)
generator: "portal-rs"
---

# China’s Moonshot AI accelerates fundraising push ahead of planned IPO: source

Chinese artificial intelligence unicorn Moonshot AI, whose release of its Kimi K3 model last week sparked talk of another “DeepSeek moment”, has accelerated its fundraising ahead of a planned initial public offering (IPO) in Hong Kong, eyeing a new financing round as early as next month, a source says. The Beijing-based company was set to close its current funding round at a US$30 billion valuation later this month or early next month, according to a person familiar with the matter. It planned to launch a subsequent round as early as August, the person added. The start-up was targeting a valuation of up to US$50 billion, in what was expected to be its final private raise before listing, Bloomberg reported on Wednesday. Moonshot signalled to investors it may go public in Hong Kong within six months, according to several media reports earlier this week. The firm had begun dismantling its offshore corporate structure earlier this year in preparation for the listing, the South China Morning Post reported in May. Moonshot did not immediately respond to a request for comment on Wednesday. The breakneck pace of fundraising underscores the relentless momentum in China’s AI sector. A US$50 billion valuation would represent a more than 11-fold surge from Moonshot’s valuation at the end of last year. It would also mark a rapid jump from May, when the firm completed a round at a US$20 billion valuation – details of which were briefly revealed in a since-deleted WeChat post by its financial adviser HF Capital. Investor enthusiasm for China’s AI contenders remains unquenched. Rival DeepSeek, based in Hangzhou in eastern Zhejiang province, had been in talks with investors for a new financing round at a pre-investment valuation of about US$70 billion, following its Series A funding round in June, the SCMP reported last week. Additional reporting by Coco Feng

### Related Stocks

- [DPSK.NA](https://longbridge.com/en/quote/DPSK.NA.md)

## Related News & Research

- [China’s AI Giants Embrace Open Weights, Putting Pressure on Closed-Source Rivals](https://longbridge.com/en/news/295799158.md)
- [China's DeepSeek Restarts Second Funding Round at Pre-Money Valuation of USD74.1 Billion, Report Says](https://longbridge.com/en/news/294933317.md)
- [3 arguments for and against AI watermarks](https://longbridge.com/en/news/296205500.md)
- [What does Europe’s AI lag mean for the region?](https://longbridge.com/en/news/296510589.md)
- [Goldman Sachs Says This 1 Stock Is Set to Be the Biggest AI Productivity Winner](https://longbridge.com/en/news/296259340.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**