SEHK:700Interactive Media and Services
Tencent (SEHK:700) Backs Moonshot As Chinese AI Firm Prepares Hong Kong IPO
Tencent Holdings (SEHK:700) is a key backer of Moonshot, a Chinese AI firm preparing for a Hong Kong IPO.
Moonshot is finalizing new funding at a substantial valuation ahead of the listing.
The company is dismantling its offshore structure in preparation for the planned Hong Kong offering.
The deal brings Tencent alongside other major tech and state-backed investors in China's AI sector.
Tencent Holdings, best known for its social media and gaming businesses, is increasingly linking its...