Moonshot AI paused Kimi K3 subscriptions after a sixfold demand surge, as the $20B startup prepares for a Hong Kong IPO targeting over $30B valuation.

Moonshot AI targets a Hong Kong IPO at a $20-30 billion valuation as its Kimi K3 model outperforms US rivals, triggering sell-offs in tech stocks and

Moonshot AI plans a Hong Kong IPO within six months at a $30B valuation after launching its Kimi K3 model, with implications for tech stocks and crypto