According to a report by The Paper, Kimi's K2.5 large model has generated more revenue in the past 20 days than the entire year of 2025. This remarkable growth is primarily attributed to the surge in global paying users and a significant increase in API calls, particularly in the overseas market, where paying user numbers continue to grow rapidly, surpassing domestic revenue.
Earlier reports indicated that Alibaba and Tencent have joined the investment round, supporting Kimi in raising its valuation to $10 billion. Insiders revealed that existing investors, including Alibaba, Tencent, and FountainVest Partners, have committed more than $700 million in the first phase of the latest funding round, making Kimi one of the fastest unicorns to reach a valuation of over $10 billion in China.