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Caixin Global
Caixin Global

Business Brief (June 9): Moonshot AI Said to Seek Funding at $30 Billion Valuation

Chinese artificial intelligence (AI) startup Moonshot AI, the developer of the Kimi chatbot, reportedly launched a new funding round valuing the company at $30 billion, well above its $4.3 billion valuation in December.

NEWS SUMMARY

The National Data Administration released an implementation plan to support the development of high-quality industry datasets.

The State Post Bureau pledged to crack down on excessive competition in the express delivery sector and guide enterprises in standardizing internal assessment mechanisms.

Chery Automobile said its partnership in discussion with India’s Tata Group is limited to auto parts supply.

Changan Automobile’s in-house AI model received regulatory filing approval.

China’s Ministry of Foreign Affairs said the country is willing to maintain communication with Russia and India to advance trilateral cooperation.

Contact editor Lin Jinbing (jinbinglin@caixin.com)

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