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Moonshot AI Denies Rumors of Imminent Hong Kong IPO Filing

Published: Updated: By 24TopNews Editorial Desk

Moonshot AI, the Chinese artificial intelligence developer, has denied media reports that it plans to file for a Hong Kong IPO as early as this month to raise approximately US$3 billion. The company said it has completed a Series F round exceeding US$3.5 billion at a post-money valuation of US$35 billion, which closed early due to strong subscription demand. A Series G round has been launched with a pre-money valuation of US$50 billion. Moonshot AI declined to elaborate on its listing plans.

On August 3, Moonshot AI responded to media reports claiming the company plans to file for a Hong Kong IPO as early as this month and raise approximately US$3 billion, stating that the reports are untrue. Earlier reports indicated that the company has completed a Series F financing round exceeding US$3.5 billion, with a post-money valuation of US$35 billion. Due to strong subscription demand, the round closed early, and the company has since launched a Series G round with a pre-money valuation of US$50 billion. Moonshot AI did not provide further details on its listing plans.

On August 3, JD Food, the food delivery arm of JD. com, announced the launch of an AI smart helmet. The helmet features four functions: an AI voice assistant, route guidance from top-performing riders, one-touch SOS assistance, and merchant environment verification. The first batch of AI smart helmets will be rolled out gradually in the near future, distributed free of charge to full-time riders, with subsequent distribution extended to all riders.

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