{"id":44630,"topic":"ai","source":"Sohu","title":"“Kimi时刻”到来！月之暗面赶赴大模型上市潮 - Sohu","url":"https://m.sohu.com/a/1053997111_632979?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","url_hash":"b5e33d8b0b0e40cea1ade610074b7b78474d5034","author":"","summary":"<a href=\"https://news.google.com/rss/articles/CBMiiAFBVV95cUxOcFlSVWs5U2VROFQwdkxnbWN6Q0JRM1pvWE05c3hiRHEzRWphcEd2UHpBS3VvX1ZxanJwV256RWNfdHczNWtLRVBxUElZc1oyU2RwdjNvamVnX3VPbGU2cXVsMFd3elJPTFhlM255UHAwQmgzd1o4TlNSazBoVk0zTmUweEJ3NnpT?oc=5\" target=\"_blank\">“Kimi时刻”到来！月之暗面赶赴大模型上市潮</a>&nbsp;&nbsp;<font color=\"#6f6f6f\">Sohu</font>","content":"“Kimi时刻”到来！月之暗面赶赴大模型上市潮\n月之暗面的上市计划正在加速。\n7月22日，有报道称，国内头部通用大模型独角兽月之暗面（Kimi）计划在数日内完成投前估值达315亿美元的融资收尾，并在8月正式启动上市前最后一轮Pre-IPO融资谈判，目标投前估值500亿美元（约3386亿元）。\n据悉，该企业已启动红筹VIE架构调整、向全体股东发放上市表决文件，联席保荐机构锁定中金、高盛，最快6个月内遵循港交所主板18C特专科技规则递交IPO并挂牌上市。\n截至发稿，月之暗面尚未对上市传闻公开置评。\n值得注意的是，港交所18C章专为未盈利硬科技企业设立，归属于新一代信息技术赛道的大模型企业可豁免传统主板盈利门槛，仅考核研发投入、营收规模与市值门槛。截至2026年3月底，已有14家特专科技企业通过该通道上市，合计融资284亿港元。\n公开资料显示，2023年4月，月之暗面由杨植麟、张宇韬、周昕宇、吴育昕四位清华校友共同创立。回顾这家“独角兽”的融资历程，其成立仅两个月便完成了超2亿美元的天使轮投资，投后估值达到3亿美元。\n此后融资节奏持续加快，2024年2月完成超10亿美元A+轮融资，阿里领投，投后估值达25亿美元；同年8月B轮融资超3亿美元，投后估值33亿美元。2025年年底，月之暗面的融资节奏开始提速，12月完成5亿美元C轮融资后，估值达到43亿美元。今年1月至2月间，公司连续完成三轮融资，规模分别为5亿美元、7亿美元和7亿美元，估值从100亿美元迅速攀升至180亿美元；5月完成的D轮融资，融资约20亿美元，公司估值达到200亿美元。","image_url":"https://q1.itc.cn/q_70/images03/20260723/4dc3212175e144bb92f7001568288a5a.jpeg","lang":"zh","published_at":"2026-07-23T14:56:29+00:00","fetched_at":"2026-07-23T16:15:07+00:00","status":"read","starred":0,"extract_state":"ok","summary_auto":"“Kimi时刻”到来！月之暗面赶赴大模型上市潮\n月之暗面的上市计划正在加速。\n7月22日，有报道称，国内头部通用大模型独角兽月之暗面（Kimi）计划在数日内完成投前估值达315亿美元的融资收尾，并在8月正式启动上市前最后一轮Pre-IPO融资谈判，目标投前估值500亿美元（约3386亿元）。\n据悉，该企业已启动红筹VIE架构调整、向全体股东发放上市表决文件，联席保荐机构锁定中金、高盛，最快6个月内遵循港交所主板18C特专科技规则递交IP…","cluster_id":null,"extract_retries":0,"extract_error":null,"contract_version":"news_item.v1","format_contract_version":"news_item_formats.v1","dedup_url":"https://m.sohu.com/a/1053997111_632979?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 675 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":675,"summary_length":221,"usable_text_length":675,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":675,"summary_length":221}},"news_item":{"id":44630,"canonical_url":"https://m.sohu.com/a/1053997111_632979?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","source_url":"https://m.sohu.com/a/1053997111_632979?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","title":"“Kimi时刻”到来！月之暗面赶赴大模型上市潮 - 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