(March 26): Moonshot AI is in the early stages of considering an initial public offering (IPO) in Hong Kong to tap investors’ growing fascination with artificial intelligence, according to people familiar with the matter. China is intensifying scrutiny around Hong Kong share sales by so-called red chip companies, which incorporate overseas to access foreign capital. Other AI firms such as Zhipu and MiniMax Group Inc have soared since their listings in Hong Kong in January, with both now valued at roughly US$40 billion (RM159.72 billion). Moonshot has been tapping private markets for capital, leveraging growing investor appetite for its publicly traded peers. The company released an upgrade of its flagship Kimi AI model in January.

Source: The Edge Markets March 26, 2026 08:03 UTC