WSJ Tech News Briefing · Thursday, September 3, 2026
Beijing-based AI startup Moonshot AI, valued at $50 billion, has confidentially filed for an initial public offering with the Hong Kong stock exchange. The company recently surprised the industry with its new large language model, Kimi K3, which rivals top-tier American offerings. The potential listing is contingent on approval from Chinese regulators.
“China's Moonshot AI has confidentially submitted an application for an initial public offering to Hong Kong stock exchange.”
“The Beijing-based AI startup was valued at $50 billion in its latest private funding round and surprised the industry in July with its new large language model, Kimi K3, that rivaled top-tier American offerings.”
“Moonshot declined to comment on the IPO plan.”