New stock news | It is rumored that a mainland artificial intelligence company called "Endless Month" is considering listing in Hong Kong.

According to informed sources quoted by the media, mainland artificial intelligence (AI) startup Moon Shadow is considering conducting its initial public offering (IPO) in Hong Kong. The company has been in discussions with CICC and Goldman Sachs regarding the listing, but the specific timing of the potential IPO has not been determined yet. The planning is still ongoing, and the IPO may ultimately not proceed. Informed sources revealed that after completing a financing round of over $700 million earlier this year, the company is now considering a new round of financing, with a maximum size of $1 billion. After this round, the company's valuation is expected to reach approximately $18 billion. Information shows that Moon Shadow was founded by former Tsinghua University professor Yang Zhilin, with investors including Alibaba, Tencent, and Wuyuan Capital. In January of this year, the company released an upgraded version of its Kimi model, K2.5, which can simultaneously process text, images, and videos under a single prompt and is applied to its AI intelligent body product Kimi Claw. At the 2026 Beijing Centergate Technologies Forum annual meeting, Moon Shadow founder Yang Zhilin stated that from this year to next year, and in the coming years, there will be significant changes in the way AI research and development are conducted, with more and more research being led by AI.