Kimi Maker Moonshot Preps Hong Kong Listing As Revenue Jumps 50%
Alibaba, Moonshot's largest shareholder with a 36 percent stake, watched annual recurring revenue climb to $300 million by June.
- ARR climbed from $200 million in April to $300 million by June 2026.
- Kimi K3, the model behind the surge, is pitched as rivaling OpenAI and Anthropic.
- Alibaba owns 36% of Moonshot, the largest stake in the roughly 300-employee company.
Why it matters: Alibaba's 36 percent stake turns this 'challenger' listing into a fundraising vehicle for its own parent.
Techmeme (aggregating Bloomberg reporting) ↗ · Jul 19, 20267/19/26 · ✓ Checked✓ Check