China's Moonshot AI Startup Eyes $10 Billion Valuation Amid Funding Boom

• Moonshot, developer of the Kimi chatbot, aims for a $10 billion valuation in an expanded funding round.
• Existing backers like Alibaba, Tencent, and 5Y Capital have already committed over $700 million.
• The company previously secured $500 million at a $4.3 billion valuation a month prior.
• Moonshot's Kimi K2.5 is a leading large language model, ranking second on Artificial Analysis.
• Founded by Yang Zhilin, Moonshot sells chatbot subscriptions and offers technology to enterprises, holding $1.4 billion in cash.