🇨🇳JUST IN: China's Moonshot AI has raised $3.5 billion at a $35 billion valuation, making it one of the largest AI funding rounds in the country this year. The company, best known for its Kimi large language model, is now preparing for a Hong Kong IPO as it looks to challenge rivals including DeepSeek, Baidu, and Alibaba in China's rapidly expanding AI race.(Coin Bureau)