[Moonshot AI, the parent company of Kimi, plans Hong Kong IPO in early 2027, already dismantling its overseas structure] According to a report by Dow Jones citing sources familiar with the matter, Moonshot AI, the developer of the large-scale model Kimi, is considering an IPO in Hong Kong in early 2027. The report states that Moonshot AI is dismantling its overseas holding structure to pave the way for its listing. Previously, Bloomberg reported that Moonshot AI had completed its final round of private financing, valuing the company at approximately $50 billion, and was considering raising up to $5 billion in an IPO, having already secretly submitted its listing application to the Hong Kong Stock Exchange. Moonshot AI previously responded to media inquiries, stating that it would not comment on market rumors or speculation.