$20bn Kimi developer Moonshot abandons VIE structure for HK listing

$20bn Kimi developer Moonshot abandons VIE structure for HK listing

The $20bn Kimi developer has informed shareholders it will dismantle its variable-interest-entity structure, after Beijing made it clear an exemption was unlikely. The IPO would be one of the biggest Chinese AI listings on record. Moonshot AI, the Beijing-based developer of the Kimi chatbot, has told shareholders it intends to dismantle its variable-interest-entity (VIE) structure […]

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