Kimi's Parent Company, Moon's Dark Side, Launches Hong Kong IPO, Aiming to Raise $50 Billion Valuation
Kimi's parent company, Moon's Dark Side, has submitted an A1 application to the Hong Kong Stock Exchange, officially starting the IPO process. The company is advancing a new round of financing with a pre-IPO valuation of approximately $50 billion, expected to be the last round before the IPO. This year, Kimi has accelerated its model iterations, releasing K2.5, K2.6, and K3, with an update frequency of about every three months. In terms of revenue, Kimi's annual recurring revenue (ARR) surpassed $100 million in early March this year, increasing to about $300 million by mid-June; after the release of K3, the ARR for enterprise clients saw several times growth. With the increase in usage and computing power demand, Moon's Dark Side has raised its valuation from approximately $4.3 billion at the end of 2025 to the current approximately $50 billion through multiple rounds of financing.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Carl Moon Reveals Follow-up on $320 Million Hacking Incident

Carl Moon Focuses on Fed Chair's Speech at Jackson Hole

OpenAI's Self-Developed Jalapeno Chip Outperforms NVIDIA's GB300 in Tests, Set for Use This Year

NASA to Fund Mission with Drones and Lasers to Explore Caves on the Moon

The dark side of the moon will complete a new financing of 2 billion dollars, with a valuation exceeding 20 billion dollars

Joe Biden's Son's LAPTOP Memecoin Shunned Before Its First Trade

Kalshi court split could fragment US prediction markets: expert

Wholesale dollar falls below $1.510 and the gap with the ceiling of the band holds at 25%

Tether AI Wallet Spending Limits, WDK Leaves Responsibility to Developers

ETF Flows: How to Read Inflows and Outflows of Capital in Cryptocurrency Funds

Arthur Hayes: Dollar Weakness and Yen Strength Transition Triggering Cryptocurrency Rally

European Funds Leave the US: A Chance for France and Bitcoin?

Nansen becomes first front end to support Outcome.xyz HIP-4 markets

Treasury Bonds: The Darkest Performance in Over 200 Years Reveals a New Paradigm

ChatGPT, Claude, and Grok All Go Down: Why Is Everyone Suspecting Cloudflare?

Changpeng Zhao: Kyrgyzstan has made a leap to become a crypto hub in just one year, a process that usually takes up to 9 years

Weekly Net Purchases by Listed Companies Decrease by 48%, Strategy Did Not Increase Bitcoin Holdings Last Week

Weekly Net Purchases by Listed Companies Decrease by 48% as Strategy Holds No Bitcoin

Credit in pesos falls again: consumption declined in August and delinquency continues to pressure

Web3 August Security Report: 29 Major Security Incidents Resulting in Over $68.29 Million in Losses

Sovereign Debt: The Secret of Gold That Governments Don't Tell

The fight over Ethereum’s supply is forcing a choice between high staking yields and the value of your ETH

How Stacks plans to build the home of Bitcoin-native finance

Robinhood and Crypto.com Join Forces in Prediction Markets: Strategic Agreement and Cross-Shareholdings

How One Executive Recruitment Firm Is Using M&A To Turn Earnings Into Bitcoin

Middle East: Estimated Annual Crypto Volume at $350 Billion

Digital Euro Privacy: The Technical Detail That Compromises Autonomy

Cardano’s Leios 6x scaling breakthrough comes with a much harder ADA problem

319 Million SPCX Shares Unlock on September 9: Is This a Buying Opportunity or a Warning?










