Kimi Chatbot Maker Moonshot AI Valued at $20 Billion in Meituan-Led RoundMay 7, 2026
(Bloomberg) -- Moonshot AI has raised about $2 billion in its latest funding round, signaling growing investor appetite for Chinese startups rivaling Silicon Valley’s leaders.
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Food delivery leader Meituan’s venture arm led the round that boosts Moonshot’s valuation to more than $20 billion, according to a statement from financial advisor HF Capital, which advised some of the backers. In April, Moonshot’s annual recurring revenue topped $200 million, driven by subscriptions to its Kimi chatbot and AI model services, the statement said.
A Moonshot spokesperson didn’t respond to messaged requests for comment. A representative with Meituan’s Long-Z Investments confirmed its participation.
The latest fundraising shows Moonshot more than quadrupled its valuation in the span of just a few months, after the Beijing startup raised $500 million at a $4.3 billion valuation toward the end of last year. It raised another $700 million at a $10 billion valuation earlier this year, and then sought additional $1 billion in funding in an expanded round, Bloomberg News reported.
Investors are piling into an elite group of Chinese AI upstarts vying with the likes of OpenAI and Anthropic PBC to develop world-class services. DeepSeek is in the process of raising external capital for the first time, drawing interest from state investors at a valuation of as much as $50 billion. In public markets, Moonshot peers MiniMax and Zhipu AI have surged to valuations of more than $30 billion since their stellar debuts in Hong Kong in January.
Moonshot was founded by Yang Zhilin, a former Tsinghua University professor who previously worked at Meta Platforms Inc. and Alphabet Inc.’s Google. The company sells tiered subscription plans for its chatbot and offers its underlying technology to enterprise clients.
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Asian Growth Companies With Insider Ownership As High As 38%May 4, 2026
As global markets navigate the complexities of central bank policies and geopolitical tensions, Asia's economic landscape remains resilient, with China's credit outlook being revised to "stable" and Japan's currency interventions drawing attention. Amidst these developments, growth companies in Asia with high insider ownership are particularly noteworthy as they often signal strong confidence from those who know the business best, potentially offering a level of stability in uncertain times.
Top 10 Growth Companies With High Insider Ownership In Asia
Name Insider Ownership Earnings Growth Zhejiang Taotao Vehicles (SZSE:301345) 27.5% 31.7% Suzhou Dongshan Precision Manufacturing (SZSE:002384) 33.5% 68.7% Seojin SystemLtd (KOSDAQ:A178320) 23.6% 108.1% SEERS (KOSDAQ:A458870) 33.2% 45.2% Phison Electronics (TPEX:8299) 10.3% 35.5% L&C BIOLTD (KOSDAQ:A290650) 26% 155% Guangzhou Tinci Materials Technology (SZSE:002709) 38.4% 32.6% Great Microwave Technology (SHSE:688270) 21% 71.6% Fulin Precision (SZSE:300432) 10.4% 61.6% Fine M-TecLTD (KOSDAQ:A441270) 15.1% 98.4%
Click here to see the full list of 522 stocks from our Fast Growing Asian Companies With High Insider Ownership screener.
Let's review some notable picks from our screened stocks.
LS
Simply Wall St Growth Rating: ★★★★☆☆
Overview: LS Corp., along with its subsidiaries, operates in the electric power, automation, machinery, materials, and energy sectors both in South Korea and internationally, with a market cap of ₩12.39 trillion.
Operations: The company's revenue segments include the Mnm Sector at ₩14.94 trillion, the Overseas Business Division at ₩4.84 trillion, the Power Line Sector at ₩3.46 trillion, the Wire Division at ₩3.14 trillion, and other sectors such as Power (₩3.91 trillion), Machinery (₩1.03 trillion), Intermediate Goods (₩863 billion), Automation (₩451 billion), Global Sector (₩444 billion), Metal (₩501 billion), IT Department (₩107 billion), Telecommunications Sector (₩131 billion) and Real Estate Development Business Division (₩17 billion).
Insider Ownership: 38.9%
LS Corp. demonstrates strong growth potential with earnings projected to increase significantly by 37% annually, outpacing the KR market's 22.1%. Despite this, its Return on Equity is forecasted to remain low at 14.6% in three years. The company's revenue growth, while slower than desired at 9%, still surpasses the KR market average of 8.9%. Recent earnings show a rise in sales to ₩31.87 trillion and net income improvement to ₩270.82 billion for FY2025.
Unlock comprehensive insights into our analysis of LS stock in this growth report. Upon reviewing our latest valuation report, LS' share price might be too pessimistic.
Story Continues
KOSE:A006260 Earnings and Revenue Growth as at May 2026
Meituan
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Meituan is a technology-driven retail company operating in the People's Republic of China, Hong Kong, Macao, Taiwan, and internationally with a market cap of HK$514.02 billion.
Operations: The company's revenue is derived from two main segments: New Initiatives, contributing CN¥104.03 billion, and Core Local Commerce, accounting for CN¥260.83 billion.
Insider Ownership: 11.1%
Meituan's growth prospects are promising, with revenue expected to increase by 10% annually, surpassing the Hong Kong market average of 8.5%. However, recent financial results show challenges, as the company reported a net loss of CNY 23.36 billion for FY2025 due to strategic investments and intense competition. Despite this setback, insider activity remains stable with more shares bought than sold over the past three months, indicating confidence in long-term growth potential.
Click to explore a detailed breakdown of our findings in Meituan's earnings growth report. The analysis detailed in our Meituan valuation report hints at an deflated share price compared to its estimated value.SEHK:3690 Earnings and Revenue Growth as at May 2026
Fujian Wanchen Food Group
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Fujian Wanchen Biotechnology Co., Ltd. and its subsidiaries focus on the research, development, cultivation, production, and sale of edible fungi both in China and internationally, with a market cap of CN¥44.05 billion.
Operations: Fujian Wanchen Food Group generates revenue through its activities in the research, development, cultivation, production, and sale of edible fungi across domestic and international markets.
Insider Ownership: 21.6%
Fujian Wanchen Food Group demonstrates strong growth potential, with earnings forecast to grow significantly over the next three years. Recent quarterly results show robust performance, with net income rising to CNY 629.78 million from CNY 214.85 million a year ago. The company trades at a good value relative to peers and is priced below its estimated fair value by 28.2%. A recent transaction saw Zhang Haiguo acquire a significant stake for CNY 1.73 billion, reflecting confidence in the company's prospects.
Dive into the specifics of Fujian Wanchen Food Group here with our thorough growth forecast report. In light of our recent valuation report, it seems possible that Fujian Wanchen Food Group is trading behind its estimated value.SZSE:300972 Ownership Breakdown as at May 2026
Taking Advantage
Take a closer look at our Fast Growing Asian Companies With High Insider Ownership list of 522 companies by clicking here. Contemplating Other Strategies? Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.The analysis only considers stock directly held by insiders. It does not include indirectly owned stock through other vehicles such as corporate and/or trust entities. All forecast revenue and earnings growth rates quoted are in terms of annualised (per annum) growth rates over 1-3 years.
Companies discussed in this article include KOSE:A006260 SEHK:3690 and SZSE:300972.
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