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Moonshot AI Plans Hong Kong IPO as Kimi K3 Challenges US AI Models

CoinCentral·July 19, 2026·1 min read
Moonshot AI Plans Hong Kong IPO as Kimi K3 Challenges US AI Models

Moonshot AI plans a Hong Kong IPO within six months, with a potential valuation above $30 billion. Its new Kimi K3 model has 2.8 trillion parameters and will launch open-source on July 27. Annual recurring revenue hit $300 million in June, up from $200 million in April. Kimi K3 outperformed Anthropic's Opus.

Read at CoinCentral
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