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The lit towers of Hong Kong Island reflected across Victoria Harbour after dark, with a small ferry crossing the water in the foreground

Finance 6 min Moonshot's $50bn Valuation Is the Smallest of China's Three Model Labs The Hong Kong filing seeks about $3bn. DeepSeek is marked near $74bn and Z.AI near $66bn, and the $50bn figure... DA Daniel Koh 4 Sep

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