According to LatePost, Kimi, the dark side of the moon, completed a $500 million Series C round led by IDG, with $150 million from the lead investor. Existing backers such as Alibaba, Tencent, and Wang Huiwen subscribed additional shares, lifting the post-money valuation to $4.3 billion. A source close to the firm says primary-market demand exceeded expectations.
On December 31, CEO Yang Zhilin announced the company holds over 10 billion RMB in cash, placing it alongside post-IPO peers such as Zhipu and MiniMax in liquidity scale.
As of June 2025, Zhipu reported 2.55 billion RMB in cash, with expected IPO financing of about 3.8 billion RMB. By September 2025, MiniMax held 7.35 billion RMB in cash, with anticipated IPO proceeds in the 3.4–3.8 billion RMB range.
Insiders say the dark side of the moon doesn’t have to rush to IPO, given its substantial liquidity cushion.
Source: https://en.coinotag.com/breakingnews/dark-side-of-the-moon-lands-500m-series-c-led-by-idg-valuation-hits-4-3b-usd-with-10b-rmb-in-cash-insiders-say-no-rush-to-ipo
