PANews reported on May 6th that Kimi (The Dark Side of the Moon) is about to complete a new round of financing of $2 billion, bringing its post-money valuation to over $20 billion. This round was led by Meituan Dragonball, with participation from China Mobile, CPE (CITIC Private Equity Funds), and others. Dragonball alone invested over $200 million. In January and February of this year, Kimi completed three rounds of financing, raising $500 million, $700 million, and $700 million respectively. Including this latest round, Kimi has raised over $3.9 billion in less than six months, and its latest valuation is more than four times that of approximately $4.3 billion in November of last year.

Kimi has now raised over 37.6 billion RMB in total funding, making it the largest fund-raising startup among large-scale model manufacturers. Including its IPO, MiniMax has raised approximately 15 billion RMB, and Zhipu approximately 13 billion RMB. As of midday today, MiniMax's market capitalization is approximately 210 billion RMB, and Zhipu's is approximately 347 billion RMB.