Moore Threads IPO and New Wave of Chinese AI Chip Funding

The Most Important Thing

risk is largely a matter of opinion

Jozhe

·11 months ago

shared a link post in group #The Most Important Thing

China's "Nvidia" Moore Threads to start trading. We might be on the verge of a new IPO cycle, companies raising a lot of money to build AI infrastructure, applications? 
https://finance.yahoo.com..

finance.yahoo.com

AI Chipmaker Moore Threads Begins Trading After China’s Second-Biggest IPO

The Beijing-based firm raised nearly 8 billion yuan ($1.13 billion), valuing the company at about $7.6 billion. The debut comes as optimism over China’s drive for tech self-sufficiency intensifies, fueled by trade tensions and fears of US technology curbs. The firm is also among those benefiting from a market share void left by Nvidia Corp.’s forced exit.

Nate
Beijing-based Moonshot AI recently raised US$500 million in a Series C funding round, according to a report on Wednesday by Chinese technology news outlet LatePost. scmp.com/tech/tech-trends.. Private equity firm IDG Capital invested US$150 million investment to lead the round, with existing stakeholders Alibaba Group Holding and Tencent Holdings also participating. The fresh injection of capital pushed Moonshot AI’s valuation to US$4.3 billion, according to the report. The company now holds more than 10 billion yuan (US$1.4 billion) in cash reserves, LatePost reported, citing an internal letter by founder and CEO Yang Zhilin dated Wednesday. Shanghai-based MiniMax on Wednesday kicked off its Hong Kong IPO, seeking to raise up to HK$4.19 billion (US$538 million) to support its growth, as competition intensifies in China’s fast-moving AI sector. Zhipu AI, marketed overseas as Z.ai, launched its Hong Kong share sale on Tuesday, with the goal of raising HK$4.35 billion. #🇨🇳 ChinA.I. 🤖🧠🦾🤖
www.scmp.com
China’s Moonshot AI raises US$500 million in latest funding round: report
The Kimi AI model developer is now valued at US$4.3 billion, with cash reserves worth US$1.4 billion.

Tasia
Alibaba Group is preparing to list its chipmaking unit T-Head, taking advantage of strong investor demand for companies developing AI processors to reduce China’s reliance on Nvidia, Bloomberg reported. Alibaba will first restructure the unit as a business partly owned by employees, before exploring an initial public offering, the timing of which is uncertain, the report said, citing people familiar with the matter. Several Chinese chip designers, including Moore Threads, MetaX Integrated Circuits, Biren Technology and Iluvatar Corex, went public in stock exchanges in Hong Kong and Shanghai over the past month, as China seeks to indigenize the supply of AI chips. Baidu also is poised to list its chipmaking subsidiary Kunlunxin. bloomberg.com/news/articl.. #🇨🇳 ChinA.I. 🤖🧠🦾🤖
www.bloomberg.com
Alibaba Is Said to Plan IPO for AI Chipmaking Unit T-Head
Alibaba Group Holding Ltd. is preparing to list its chipmaking arm, tapping strong investor interest in the small circle of companies aspiring to compete with Nvidia Corp. in the hot AI accelerator business.

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