DeepSeek is valued at over $1 billion and has raised $300 million in funding. Among private companies, Moonshot AI (Kimi) recently raised $1 billion in its latest funding round, with a valuation of $18 billion. Two other companies, Zhipu AI and MiniMax, are already publicly listed: 1. Zhipu AI IPO fundraising amount: Net proceeds of approximately HK$4.17 billion (~$530 million USD) IPO market capitalization: IPO price of HK$116.2, resulting in an initial valuation of approximately HK$51.8 billion Current market capitalization: Share price at HK$891, with total market cap remaining around HK$400 billion 2. MiniMax IPO fundraising amount: IPO proceeds of approximately HK$4.82 billion (~$616 million USD) IPO market capitalization: IPO price set at the upper limit of HK$165, resulting in an initial valuation exceeding HK$46 billion Current market capitalization: Share price at HK$859, with current total market cap around HK$270 billion