月之暗面（Moonshot AI）在完成20亿美元融资后，启动架构重组，拆除VIE及红筹架构，以扫清赴港IPO的监管障碍。重组核心是将离岸实体转为境内合资，确保符合中国科技公司海外上市的合规要求，为香港上市铺平道路。
月之暗面（Kimi）正推进港股IPO，着手拆除VIE及红筹架构，解散开曼母公司旗下离岸公司，以扫清监管障碍。作为“AI六小龙”之一，此举标志其上市进程进入关键阶段。
月之暗面完成约20亿美元融资，估值突破200亿美元后，宣布拆除红筹架构，正式启动赴港上市进程。此举旨在响应北京对境内企业境外上市的新监管规定，红筹架构作为科技企业常用模式，正面临调整。公司架构重整将为IPO铺路。
国产大模型公司阶跃星辰计划完成近25亿美元融资，并已拆除红筹架构，获得华勤、龙旗、豪威、中兴等产业链资本支持，覆盖整机制造与核心器件环节。此举体现模型能力向终端迁移趋势，投资者对其发展信心增强。公司今年4月完成股改，由有限责任公司转为股份有限公司。
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