Market Chatter: Alibaba-Backed Moonshot AI Eyeing Hong Kong IPO

MT Newswires Live

Yesterday

Alibaba-backed (BABA) Moonshot AI is considering a Hong Kong initial public offering, Bloomberg News reported Thursday, citing people familiar with the matter.

The Chinese artificial intelligence startup behind the Kimi chatbot has held talks with Goldman Sachs (GS) and China International Capital about working on an offering, the unnamed sources told the news outlet.

Moonshot and Goldman didn't immediately respond to MT Newswires' requests for comment.

Alibaba shares were down 3.1% in premarket activity.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}