Sat, May 25, 2024 at 07:17

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    Joy

    • Hey Annie!

    • Guess what?

    • Alibaba just made a huge investment!๐Ÿ˜ฒ

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  • Annie

    • Oh, really?

    • How much did they invest?๐Ÿ’ฐ

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    Joy

    • They invested approximately $800 million, which is about RMB 1 trillion, for a 36% equity interest in a company called Moonshot.

  • Annie

    • Wow, that's a significant amount!

    • What does this investment mean for Moonshot?๐Ÿค”

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    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... ๐Ÿ˜…

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    Joy

    • Well, this investment translates to an enterprise value of about $2.2 billion for Moonshot.

    • It's pretty close to what local media reported back in February.

  • Annie

    • Interesting!

    • What was Moonshot's valuation back then?๐Ÿ“ˆ

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    Joy

    • At that time, it was reported that Moonshot was seeking to raise more than $1 billion at a valuation of $2.5 billion.

  • Annie

    • So, who are Moonshot's main competitors in the AI startup space?๐Ÿง

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    Joy

    • Moonshot competes with ZippuAI, Minimax, and 01.ai for the top spot in China's AI startup space.

  • Annie

    • Got it.

    • How is Moonshot performing compared to these competitors?๐Ÿ“Š

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    Joy

    • Moonshot's generative chatbot, Kimi, actually overtook Baidu's Onybot in terms of visitors last month.

    • That's a big win for them!

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  • Annie

    • That's impressive!

    • So, what do you think this means for the market?๐ŸŒ

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    Joy

    • I think it's definitely a positive sign.

    • Alibaba's investment shows confidence in Moonshot's potential, and outperforming Baidu's chatbot suggests they're on the right track.

  • Annie

    • Do you think this is good news for investors?๐Ÿ“ˆ

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  • ์ธ๋„ค์ผ

    Joy

    • Absolutely!

    • This kind of investment can boost investor confidence and potentially drive up stock prices.

    • It's a great opportunity for those looking to invest in AI startups.

  • Annie

    • Thanks, Joy!

    • This was really insightful.๐Ÿ˜Š

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  • ์ธ๋„ค์ผ

    Joy

    • No problem, Annie!

    • Always happy to share exciting news.๐Ÿ˜„

    • To sum up, this article is considered a ๐Ÿ˜Bullish for investors!!