Moonshot AI Reaches $20B Valuation in Meituan-Led Funding Round
Alibaba-backed Moonshot AI has raised approximately $2 billion in a funding round led by food delivery company Meituan, achieving a valuation of $20 billion. The investment reflects growing investor interest in Chinese startups aiming to compete with leading U.S.-based artificial intelligence firms.
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Topics: AI Alibaba Chinese startups Moonshot AI