China's Moonshot pauses Kimi subscriptions amid hot demand, IPO push

SHANGHAI: Chinese startup Moonshot AI has temporarily paused new subscriptions after demand for its newly launched Kimi K3 model strained capacity, a bottleneck that comes as the company seeks fresh funding and prepares for a potential Hong Kong listing.Moonshot is in the process of unwinding its current offshore structure ahead of a Hong Kong initial public offering, two sources with knowledge of the matter said.The company has engaged financial advisers, including Goldman Sachs and China International Capital Corp, to discuss the IPO plan, although the timetable remains fluid, said one of the sources and a third person with knowledge of the IPO plan, declining to be named as the information was confidential.CICC did not immediately respond to a request for comment. Goldman Sachs and Moon