Moonshot AI, the $20bn Beijing-based developer of the Kimi chatbot, has informed shareholders it will dismantle its offshore VIE structure to clear the path for a Hong Kong IPO under new CSRC rules.

Moonshot AI, the $20bn Beijing-based developer of the Kimi chatbot, has informed shareholders it will dismantle its offshore VIE structure to clear the path for a Hong Kong IPO…

Start-up reportedly to eliminate offshore structure ahead of planned IPO, amid increasing regulatory pressure on foreign investment