Shengshu Technology announced the completion of nearly RMB2 billion in Series B financing. This round of financing was led by Alibaba Cloud, with strategic investments from China Internet Investment Fund (CIIF), TAL Education, and other investors. Existing shareholders including Xinglian Capital and Baidu Venture (BV) also continued to increase their investments.Recently, its latest model Vidu Q1 topped rankings such as VBench, with video generation capabilities ranked first globally. Its core product, the Vidu AI content production platform, vidu.cn, has served users in more than 200 countries and regions worldwide, while the Vidu MaaS platform, platform.vidu.cn, has provided services to clients in interactive entertainment, advertising and marketing, animation and film, cultural and tourism innovation, smart enterprises and global architectural partners.Related News G Sachs Lists Major Net Buys and Net Sells in HK Stocks by Southbound Funds Last Week
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