Alibaba Cloud led a 2 billion yuan ($293 M) round for ShengShu, the Beijing AI video generator behin...
The AMW Read
The article updates the player map for the generative media segment with a new funding round for ShengShu, though the $293M amount falls below the $500M threshold for a cross.§D tag.
NoveltySignificance
Multimodal · Player Map
Alibaba Cloud led a 2 billion yuan ($293 M) round for ShengShu, the Beijing AI video generator behind Vidu and TurboDiffusion. The cash, joined by Baidu Ventures and Luminous, fuels real‑time, high‑quality video AI that could cut production costs by 70% and broaden content creation across industries. Expect rapid integration of AI video into e‑commerce, advertising, and education as China races to dominate generative media.
