Moonshot AI, the Beijing-based company behind the Kimi chatbot, is raising about $2 billion in a new funding round, multiple outlets report. The round is described as being led by Meituan, with China Mobile participating; additional investors are also mentioned in some reports. Bloomberg and The Next Web say the valuation is more than $20 billion, while a separate TechNode report highlights that earlier funding was at a significantly lower valuation. TechNode also notes that the company’s previous financing included a roughly $300 million round in August 2024, and that Moonshot later completed other large rounds, indicating a fast pace of fundraising. One TechNode report, citing Chinese outlet Z Finance, says the company was nearing completion of a new round worth several hundred million dollars, but that does not align with the larger $2 billion figures reported by Bloomberg and others. Separate TechNode coverage also describes an earlier $500 million Series C led by IDG Capital, valued at $4.3 billion, with participation from major technology backers. Moonshot AI has not publicly confirmed details of the latest round in the reports.