---
title: "PBOC Database Documents: China's Moonshot Leased 32 Servers with Banned Nvidia B300 Chips"
description: "PBOC database financial documents show Moonshot leased 32 servers with Nvidia B300 chips worth $64.8 million. The lab denies the connection, but mentions disappeared from the registry following a Bloomberg inquiry."
date: 2026-11-10T13:11:24.262Z
lang: en
url: https://xab.info/en/posts/moonshot-ai-nvidia-b300-china-pboc-documents
tags: [moonshot-ai, nvidia, china, ai-chips, export-controls, kimi, supermicro, bloomberg]
author: "Alexander Buran"
publisher: "XAB.info"
---

# PBOC Database Documents: China's Moonshot Leased 32 Servers with Banned Nvidia B300 Chips

![Supermicro server rack with green LED indicators in a data center](https://xab.info/media/2026/11/10/moonshot-ai-nvidia-b300-kitay-dokumenty-nbk/moonshot-ai-nvidia-b300-kitay-dokumenty-nbk-1.webp)

## Key Points

- Documents in the PBOC database record Moonshot's lease of 32 Supermicro servers with Nvidia B300 chips for $64.8 million
- The $2 million price tag per server exceeds the US market price by 350%, pointing to a shadow supply channel
- Moonshot denies any business relationship with Lingmeixin; following Bloomberg's inquiry, mentions of the lab disappeared from the registry
- Nvidia and Supermicro confirm they have had no direct transactions with the companies featured in the documents
- Moonshot plans an IPO in Hong Kong in early 2027; its Kimi K3 model competes with solutions from Anthropic and OpenAI

Chinese AI lab Moonshot, the developer of the advanced Kimi K3 model, has gained access to 32 Supermicro servers equipped with Nvidia B300 graphics processors—the most powerful AI accelerators on the global market. This is evidenced by financial documents filed in the People's Bank of China's credit database and made public through a Bloomberg investigation. The import of this class of equipment into China remains prohibited by Washington; however, judging by state registry records, the Chinese developer has not only maintained its dependence on American chips but also arranged their lease through a chain of intermediaries. According to estimates specified in online applications, the total cost of the 32 servers is 432 million yuan (about $64.8 million), and their physical location is China, which directly points to a potential violation of US export restrictions.

### Financial Chain: From Bank to Qingyang

According to two financial contracts signed on August 4, the owner of the servers is Lingmeixin (Beijing) Technology Co., and the purchase was financed by Beijing Zhongguancun Bank Co., a lending institution founded in 2017 by 11 public companies specializing in supporting technological innovation. The bank transferred the documents to the PBOC credit agency database on August 6, two days after signing. As collateral for a 200 million yuan ($30 million) loan, Lingmeixin provided a double guarantee: physical collateral in the form of the servers themselves and financial collateral in the form of 345.6 million yuan ($51.81 million) in revenue received under a service contract with Beijing Dark Side of the Moon Technology Co., the main legal entity of Moonshot. A note from Lingmeixin attached to the agreements directly states that the purchased equipment is intended specifically to fulfill this contract, and Moonshot receives only the right to use the computing power without acquiring ownership rights. According to the documents, the servers are located in Qingyang, western China.

### 350% Markup and the Black Market Trace

Each of the 32 servers under the contract is valued at 13.5 million yuan ($2 million)—approximately 350% higher than the market price in the US. According to Bloomberg, such an anomalous markup strongly indicates the existence of shadow supply chains formed amid years-long export restrictions imposed by Washington. The servers were purchased from a recently established e-commerce subsidiary, Beijing Chunju Technology, which expanded its activities into the AI segment. The documents do not specify exactly how and at what price Chunju Technology acquired the Supermicro servers. Notably, Lingmeixin, in addition to its server business, acts as a distributor of unmanned aerial vehicles, including DJI products, and its partners include the China Aerospace Science and Industry Corporation (CASIC) and the China Aerospace Science and Technology Corporation (CASC)—both subject to US export controls and financial sanctions.

### Moonshot's Denial and Disappearance of Registry Records

On November 3, Bloomberg sent inquiries to Lingmeixin, Zhongguancun, and Moonshot. Following this, mentions of Moonshot disappeared from the documents available in the database. The lab itself stated: "We currently have no business relationship with Lingmeixin. We did not participate in, authorize, or have knowledge of the relevant financing or guarantee agreements." An Nvidia representative confirmed that the companies that signed the agreement "are not clients" of the accelerator manufacturer. Supermicro, in turn, emphasized that it "does not conduct business with these entities" and "is committed to complying with all applicable US export and re-export control laws and regulations." Lingmeixin and Zhongguancun did not provide comments on the matter. Thus, formal ties between Moonshot and the servers are denied by the lab itself, but the initial entries in the PBOC state registry containing a direct link to the contract with Beijing Dark Side of the Moon Technology were publicly available prior to Bloomberg's inquiry.

### Context: Washington's Years-Long Struggle and IPO Plans

US authorities have sought to restrict the sale of advanced AI accelerators to China for several years. According to Washington, efforts have been made to dismantle a network of smugglers trafficking billions of dollars worth of Nvidia equipment into the PRC. Moonshot was previously accused by US regulators of training a number of models on family accelerators that are not officially supplied to China. Against this backdrop, the lab is preparing for a major corporate step: in early 2027, the company intends to list on the Hong Kong Stock Exchange. The Kimi K3 model developed by Moonshot is rated by industry analysts as nearly on par with leading offerings from American companies Anthropic and OpenAI, making access to advanced computing power critical to the company's competitiveness in the global generative AI market.

## Accounts differ

### Moonshot's business relationship with Nvidia B300 servers

- **PBOC Database Documents (Lingmeixin / Zhongguancun Bank):** The acquired equipment is intended to fulfill a service contract with Moonshot; Moonshot receives the right to use the computing power ([3dnews.ru](https://3dnews.ru/1151085))
- **Moonshot AI:** The company has no business relationship with Lingmeixin; the lab did not participate in, authorize, or have knowledge of financing or guarantee agreements ([3dnews.ru](https://3dnews.ru/1151085))
- **Nvidia:** The companies that signed the August agreement are not Nvidia clients ([3dnews.ru](https://3dnews.ru/1151085))
- **Supermicro:** The company does not conduct business with the entities featured in the documents and is committed to complying with US export control laws ([3dnews.ru](https://3dnews.ru/1151085))

*Where they agree:* Documents containing a direct link to a contract with Beijing Dark Side of the Moon Technology were posted in the state PBOC database on August 6; following Bloomberg's inquiry on November 3, mentions of Moonshot disappeared from the database

## Fact-Check & Sources

- [Нашумевшие ИИ-модели Kimi обучали в Китае на ИИ-чипах Nvidia, которых в Китае быть не должно](https://3dnews.ru/1151085) - The primary source (Bloomberg via 3dnews) contains full details: amounts, dates, company names, quotes. The existence of documents in the PBOC database is confirmed; the interpretation of the link to Moonshot is disputed by the lab itself.
- [Нашумевшие ИИ-модели Kimi обучали в Китае на ИИ-чипах Nvidia, которых в Китае быть не должно](https://3dnews.ru/1151085/nashumevshie-iimodeli-kimi-obuchali-v-kitae-na-iichipah-nvidia-kotorih-v-kitae-bit-ne-dolgno) - Duplicate link to the same 3dnews.ru material, summary matches the primary source.

## FAQ

### What exactly is recorded in the PBOC documents?

Two financial contracts dated August 4 were posted in the People's Bank of China credit agency database: Lingmeixin (Beijing) Technology leased 32 Supermicro servers with Nvidia B300 chips, and Beijing Zhongguancun Bank provided a 200 million yuan loan. Revenue from a contract with Beijing Dark Side of the Moon Technology—Moonshot's main legal entity—was listed as financial collateral.

### Why is the server cost 350% higher than market price?

Each server is valued at 13.5 million yuan ($2 million), whereas the US market price is significantly lower. Bloomberg interprets this markup as a consequence of years-long US export restrictions that created shortages and stimulated shadow supply channels.

### How did Moonshot respond to the allegations?

The lab stated that it has no business relationship with Lingmeixin, did not participate in, and did not authorize financing agreements. After Bloomberg submitted an inquiry on November 3, mentions of Moonshot disappeared from accessible database documents.

### Which Nvidia chips appear in the documents?

Nvidia B300 graphics processors—the most powerful AI accelerators on the market at the time of the investigation's publication. Their sale and import into China without a special license are prohibited by US export controls.

### What are Moonshot's near-term plans?

In early 2027, the company intends to list on the Hong Kong Stock Exchange. Its developed Kimi K3 model competes with leading AI solutions from American firms Anthropic and OpenAI.