Dark Side of the Moon Founder Filed in Arbitration by Former Company Investor, Receiving Attorney Responds to Defenses to be Filed

Dark Side of the MoonFounderChik-Lin Yang and co-founder and CTO Yutao Zhang have been appointed by former companyLoop IntelligenceHong Kong, China, by an investor of the periodarbitrationThe relevant e-Arbitration Request Form has also been submitted to HKIAC (Hong Kong International Arbitration Center).

Dark Side of the Moon Founder Filed in Arbitration by Former Company Investor, Receiving Attorney Responds to Defenses to be Filed

In this regard, David Morrison, senior partner of Minter Ellison, responded to Caixin today, "Our firm has been entrusted by Mr. Yang Zhilin and Mr. Zhang Yutao, and is concerned about the relevant arbitration matters.We believe that the matter lacks both legal and factual basis, and the firm will file a defense in accordance with the law. "

The claimants in the arbitration are Cycle Intelligence and five of Cycle Intelligence's seven investors: GSR Ventures, Jingya Capital, Boyu Capital, Huashan Capital, and Everything Capital, according to Dark Surge Waves, citing sources familiar with the matter.

The arbitration filing may have arisen from the fact that, before having gotten consent waivers from several investors from Cycle Intelligence (GSR Ventures, Wonders Capital, Jingya Capital, Huashan Capital, and Boyu Capital), said the above people familiar with the matter.Yang Shilin and Zhang Yutao and others have already raised funds and founded Dark Side of the Moon..

Dark Side of the Moon is a domestic big model unicorn and Kimi intelligent assistant development company that has been invested by Alibaba and other giants.The company was created in March 2023In October 2023, Kimi, the world's first intelligent assistant product that supports inputting 200,000 Chinese characters, was launched. core members of the founding team participated in the development of Google Gemini, Google Bard, Pangu NLP, Wudao, and other large models.

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