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• Alibaba-backed startup Moonshot AI's valuation is up $500 million, sources say, after its rivals IPO in Hong Kong - Investors are valuing the startup at $4.8 billion as it is about to close another funding round, according to two people familiar with the matter.
• China’s first 'AI tiger' goes public as Zhipu climbs in Hong Kong debut - Shares of China-backed Zhipu made small gains on their Hong Kong debut, following a $558 million initial public offering.