# Is China's AI Sector Behind? Moonshot Plans for IPO After Kimi K3 Rattled Markets | CoinDesk Daily

Page: https://stenobird.com/podcast/coindesk-podcast-network-334494/is-china-s-ai-sector-behind-moonshot-plans-for-ipo-after-kimi-k3-rattled-markets-coindesk-daily
Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/is-china-s-ai-sector-behind-moonshot-plans-for-ipo-after-kimi-k3-rattled-markets-coindesk-daily.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-07-20T16:55:00+00:00
Episode link: https://traffic.megaphone.fm/CDI9343150829.mp3
Audio file: https://traffic.megaphone.fm/CDI9343150829.mp3
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Duration seconds: 106

## Resource

Moonshot AI plans for IPO. Moonshot AI's Kimi K3 model outscored every AI rival except Fable 5 and GPT-5.6, triggering a semiconductor selloff. Now the company is preparing for a Hong Kong IPO at a $30 billion-plus valuation. CoinDesk's Sam Ewen hosts "CoinDesk Daily." - This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at⁠⁠⁠⁠⁠⁠⁠ realfi.co⁠⁠⁠⁠⁠⁠⁠. - Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings. Perfect 8 year track record of keeping clients assets safe. Don't sell your bitcoin. Get a bitcoin-backed loan. Check out your rate by using their loan calculator at⁠⁠⁠⁠⁠⁠⁠ ledn.io⁠⁠⁠⁠⁠⁠⁠ JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets:⁠⁠⁠⁠⁠⁠⁠ https://x.com/jpegtrading⁠⁠⁠⁠⁠⁠⁠ - This episode was hosted by Sam Ewen. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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## Transcript

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