Moonshot Raises Valuation Above $100 Billion

Moonshot AI is close to extending a fundraising round that grew from an initial USD 500 million to USD 700 million, with the extension potentially valuing the company at about USD 100 billion, sources told 36Kr and Bloomberg. The surge follows strong Hong Kong IPOs by Z.ai and MiniMax (market caps roughly HKD 220 billion and HKD 260 billion as of February 17), drawing new investors and competition.