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Moonshot AI Pauses Kimi K3 Sign-ups Amid Strong Demand, Seeks Fresh Funding for Hong Kong IPO

AI Industry News

2026-07-20 09:31:21

GS2.74%

CHINA MOBILE-0.12%

According to Reuters, Chinese AI startup Moonshot AI has temporarily paused new consumer subscriptions for its Kimi K3 model on July 20 due to demand pushing computing capacity near its limit. The company is simultaneously seeking up to $2 billion in fresh funding and preparing for a potential Hong Kong initial public offering, with advisers including Goldman Sachs and China International Capital Corp involved in discussions. Moonshot raised over $2 billion in May from investors including Meituan and China Mobile, reaching a $30 billion valuation by June.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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