HK Stock Market Move | CHINA MERCHANTS(00133) rose more than 8%, Kimi announced the latest model K3, and the latest pre-investment valuation increased to 31.5 billion US dollars.

CHINA MERCHANTS (00133) rose by more than 8%, with an increase of 8.21% as of the time of publication, reaching 26.1 Hong Kong dollars, with a trading volume of 41.3848 million Hong Kong dollars. On the news front, in the early hours of July 17th, the official announcement from the dark side of the moon revealed the launch of the company's most powerful large-scale model, Kimi K3. It is reported that the dark side of the moon has completed several rounds of financing this year. At the end of last month, there were reports that the dark side of the moon's previous round of financing valuing $20 billion had been completed, and a new round of financing had been initiated, with the pre-investment valuation rising to $31.5 billion. According to public information, in December 2023, CHINA MERCHANTS announced that its wholly-owned subsidiary, Minxing Investment Co., Ltd., had signed a preferred stock purchase agreement and other related agreements with the dark side of the moon. According to this agreement, Minxing agreed to invest $10 million to participate in the dark side of the moon's Series A financing.