DeepSeek is valued at over $1 billion USD, raising $300 million USD. Among unlisted companies, compared with Moon’s Dark Side, kimi’s most recent round raised $1 billion USD, with a valuation of $18 billion USD.


There are also two already-listed companies: Zhipu and Minimax.
1. Zhipu AI
Listing fundraising amount: Net amount raised is approximately 4.17 billion HKD, equivalent to about 530 million USD
Listing market value: The IPO issue price is 116.2 HKD; the overall valuation at the time of issuance was approximately 51.8 billion HKD.
Current market value: 891 HKD, with the total market value maintained at around 400 billion HKD.
2. MiniMax
Listing fundraising amount: IPO fundraising amount is approximately 4.82 billion HKD, equivalent to about 616 million USD
Listing market value: The IPO issue price is set at the upper limit of 165 HKD, and the issuance valuation exceeds 46 billion HKD.
Current market value: 859 HKD, with a total market value of about 270 billion HKD.
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