I'm not sure if that is accurate, most of the funding they've got is from Tencent and Alibaba, and we know what happened to Jack Ma the second he went against the party line. These two are defacto state owned enterprises. Moonshot is unlikely to be for sale in any meaningful way so its valuation is moot.

[0] https://en.wikipedia.org/wiki/Moonshot_AI#Funding_and_invest...