“LLM Advancement: China’s AI Breakthrough Achieves a Staggering $2.5B Worth with $1B Investment in Long-Term Context Enhancement”
If accurate, this latest injection of capital would value Moonshot AI at $2.5 billion – the largest single funding round for Chinese LLM developers on public record.
Co-leading the round are e-commerce giant Alibaba and HongShan – the VC firm formerly known as Sequoia China, according to South China Morning Post.
Other in the round included Chinese “super app” Meituan and Xiaohongshu (sometimes called China’s answer to Instagram), according to Chinese tech blog LatePost.
Pink Floyd Fan turned AI trailblazerYang Zhilin had a long list of achievements to his credit even before starting Moonshot.
The total amount raised by China’s AI firms amounted to roughly $2 billion, 70% less than the year before.
