Moonshot AI secured about $2 billion in a funding round led by Meituan’s venture arm, lifting its valuation above $20 billion. Annual recurring revenue exceeded $200 million in April, driven by subscriptions to its Kimi chatbot and AI model services, according to HF Capital, which advised some investors. Moonshot and Meituan representatives confirmed the investment, while the company declined further comment.

2026-05-07

Moonshot AI secured about $2 billion in a funding round led by Meituan’s venture arm, lifting its valuation above $20 billion. Annual recurring revenue exceeded $200 million in April, driven by subscriptions to its Kimi chatbot and AI model services, according to HF Capital, which advised some investors. Moonshot and Meituan representatives confirmed the investment, while the company declined further comment.