ChainThink reports that on August 8, according to the Financial Times, Chinese AI startup Moonshot AI is restructuring its equity and corporate framework and bringing in multiple state-backed investors to seek regulatory approval for a Hong Kong listing.
Reports indicate that Moonshot may need to dismantle its existing VIE structure prior to listing. Its core business was previously controlled by an overseas entity and funded through dollar-denominated investments from international investors; the company is currently coordinating with investment banks and legal teams to address the transfer of overseas investors' equity stakes, though the specific plan has not yet been finalized.
Last week, Moonshot changed its domestic Chinese entity from a limited liability company to a joint-stock company. In terms of financing, the company recently completed two funding rounds, one with a valuation of approximately $30 billion, and the other expected to bring the valuation to $50 billion upon completion.
Shareholders include the National Artificial Intelligence Industry Investment Fund, the National Social Security Fund, government-led investment funds from Shanghai and Guizhou, and investment entities under the People's Daily. Previously, market reports indicated that Moonshot AI plans to submit its Hong Kong IPO application as early as this month, potentially raising approximately $3 billion.
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