Market news: The Dark Side of the Moon is finalizing a new round of financing, with a pre-investment valuation rising to 4.8 billion dollars

According to market news, Dark Side of the Moon (Kimi) is finalizing a new round of financing, with a pre-investment valuation reaching $4.8 billion, up from $4.3 billion a few weeks ago. It is reported that this round of financing will be completed soon, and Dark Side of the Moon has not yet commented on this financing.

Previously, Dark Side of the Moon (Kimi) disclosed that it recently completed a $500 million Series C financing, with IDG leading the investment of $150 million, and existing shareholders such as Alibaba, Tencent, and Wang Huiwen oversubscribing, resulting in a post-investment valuation of $4.3 billion. The founder and CEO of Dark Side of the Moon, Yang Zhilin, issued an internal letter stating that the company has over 10 billion RMB in cash reserves. This scale is already comparable to the post-IPO cash reserves of Zhizhu and MiniMax. As of June 2025, Zhizhu has 2.55 billion RMB in cash, with an IPO expected to raise about 3.8 billion RMB. As of September 2025, MiniMax has 7.35 billion RMB in cash, with an IPO expected to raise between 3.4 billion and 3.8 billion RMB. Sources say this means Dark Side of the Moon "can afford to wait for an IPO."