China’s Moonshot AI is nearing a dollar funding round that could boost its valuation to around $4 billion, according to people familiar with the matter.

The Beijing-based AI start-up is in talks with global investors, including investment firm IDG Capital, for the fundraise, which could total several hundred million dollars, some of the people said.

Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8