Chinese artificial intelligence startup Moonshot AI is preparing for a public listing in Hong Kong, potentially within the next six months, according to two people familiar with the matter who spoke to Nikkei Asia. The company’s valuation and revenue have been surging, reflecting strong growth in the competitive AI sector.

Moonshot AI recently showcased its Kimi K3 AI model at the World Artificial Intelligence Conference held in Shanghai on July 17, drawing attention from both regional and international markets, including Silicon Valley.

The planned Hong Kong IPO marks a significant milestone for the Chinese startup as it seeks to expand its presence and capitalize on the growing demand for AI technologies.

Sources