Tencent Participates in $300 Million Financing of MoonshotAI, Valuation Rises to $3.3 Billion

TapTechNews August 6th news, yesterday there was news that Tencent participated in the $300 million financing of the domestic large model unicorn, the development company of Kimi Intelligent Assistant, MoonshotAI, which increased the company's valuation to $3.3 billion (TapTechNews note: currently about 23.551 billion yuan).

In response, an informed person close to the company told the reporter of the Science and Technology Innovation Board Daily that the news of Tencent's participation in the investment is true; while MoonshotAI responded to the reporter of the Science and Technology Innovation Board Daily, saying that it will not comment on the financing news.

In fact, as early as February this year, it was reported that MoonshotAI had completed a new round of over $1 billion (currently about 7.171 billion yuan) financing, and the investors included Sequoia China, Xiaohongshu, Meituan, and Ali, and the old shareholders followed suit. In May this year, there was news that the latest round of valuation quotations had reached $3 billion.

In the Alibaba financial report disclosed in May this year, the company invested a total of about $800 million (currently about 5.736 billion yuan) in the artificial intelligence start-up company MoonshotAI in fiscal year 2024, and purchased about 36% of the equity, which is a preferred stock investment in MoonshotAI.

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Alibaba and Tencent have both entered the game: It is reported that the AI large model company MoonshotAI has received another large investment, and the valuation has reached 3 billion US dollars.