Moonshot AI targets US$12 billion valuation as overseas revenue surges for Kimi models
South China Morning Post
by Vincent ChowFebruary 18, 2026
Moonshot AI, the Chinese start-up behind the powerful Kimi artificial intelligence models, has added at least another US$700 million to its war chest after launching another funding round that could value it at up to US$12 billion.
The new round, which comes just over a month after its last one, could almost triple Moonshot’s previous valuation of US$4.3 billion amid exploding investor interest in China’s AI enterprises.
It was jointly led by existing investors including Alibaba Group Holding,...
Verticals
worldasia
Originally published on South China Morning Post on 2/18/2026