Hong Kong IPO

Alibaba Group Holding Ltd. holds a 36% preferred equity stake in Moonshot AI, which paused new consumer subscriptions for its Kimi K3 model after demand hit compute limits, while Alibaba simultaneousl…

Beijing-based startup Moonshot AI has unveiled Kimi K3, a 2.8 trillion parameter model using mixture-of-experts architecture, claiming it outperforms Anthropic's Claude Opus 4.8 and OpenAI's GPT-5.5 o…