China's Moonshot AI, the startup behind Kimi chatbot, has raised around $2 billion in funding at a $20 billion valuation, according to financial advisor Huafeng Capital. The round was led by food delivery company Meituan's VC arm, with Tsinghua Capital, China Mobile and CPE Yuanfeng among other investors. Moonshot was reportedly valued at $4.3 billion at the end of 2025.