AI startup Moonshot AI is aiming to achieve a $10 billion valuation in its latest funding round, with participation from major investors Alibaba and Tencent. The company, known for developing the Kimi chatbot, began new fundraising discussions in late January to leverage strong investor interest in Chinese AI model startups. This follows a recent $500 million funding round that valued the company at $4.3 billion. Sources indicate that existing investors, including Alibaba, Tencent, and 5Y Capital, have already committed over $700 million in the initial phase of this funding round. The move underscores the growing appetite for investment in AI technologies within China, as Moonshot AI seeks to expand its market presence and capabilities.