News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Sanas surpasses 1 million users
On 2026/3/30, according to LinkedIn, Sanas reported a revenue growth signal in the Voice AI sector.
Tsingmicro completes pre-IPO financing
On 2026-03-30, according to Xiniu Data, Tsingmicro completed pre-IPO financing for an undisclosed amount. Investors were Shoujiantou, Xuansu Investment, Junyao Capital, Dunben Investment and others.
Yunpeng Technology completes equity financing
On 2026-03-30, according to Xiniu Data, Yunpeng Technology completed equity financing for an undisclosed amount. Investors were Ya Investment Ben, Jin Venture Capital.
OpenAI officially shuts down Sora: approximately USD 2.1 million in lifetime revenue versus USD 5.4 billion in annual operating costs
OpenAI officially shut down video generation product Sora on 2026/3/24, 25 months after its technical preview in 2024/2. Forbes estimated annual operating costs of up to USD 5.4 billion, compared with only approximately USD 2.1 million in revenue over its entire lifetime.
Qingcheng.ai completes equity financing
On 2026-03-28, according to Xiniu Data, Qingcheng.ai completed equity financing for an undisclosed amount. The investor was Tsinghua University Asset Management.
Daerwen completes equity financing
On 2026-03-27, according to Xiniu Data, Daerwen completed equity financing for an undisclosed amount. Investors were Ruizhanguquan.
Hengxing AI completes strategic financing
On 2026-03-27, according to Xiniu Data, Hengxing AI completed strategic financing for an undisclosed amount. Investors were Hongxin Electronics.
Jiguangtiansuan completes equity financing
On 2026-03-27, according to Xiniu Data, Jiguangtiansuan completed equity financing for an undisclosed amount. Investors were Zhongxinjuyuan, Shen Venture Capital, Chuanxiang Capital, SEE Fund Wuxian Fund and others.
Meitu reports CNY 3.86 billion total revenue in 2025, adjusted net profit CNY 965 million up 64.7% year over year
On 2026/3/27, Sina Finance reported Meitu’s 2025 results: total revenue of CNY 3.86 billion, up 28.8% year over year, and adjusted net profit attributable to shareholders of CNY 965 million. Revenue of CNY 3.86 billion translated to approximately USD 536 million at an exchange rate of 7.2.
Mobvoi reports CNY 323 million revenue for 2025, with annual loss narrowing 90.5%
On 2026/3/27, Mobvoi disclosed its 2025 results: group revenue was CNY 323 million and its annual loss was CNY 68.9 million, narrowing 90.5% year over year (approximately USD 44.86 million).
Moming Technology completes equity financing
On 2026-03-27, according to Xiniu Data, Moming Technology completed equity financing for an undisclosed amount. Investors were XBOTPARK Fund.
Mozhiyu Technology completes equity financing
On 2026-03-27, according to Xiniu Data, Mozhiyu Technology completed equity financing for an undisclosed amount. Investors were Qixi Investment, Qujiayouxi.
Niuwa Robotics completes seed financing
On 2026-03-27, according to Xiniu Data, Niuwa Robotics completed seed financing for an undisclosed amount. Investors were Plug and Play.
Rimiankaiwu completes seed financing
On 2026/3/27, according to Xiniu Data, Rimiankaiwu completed seed financing for an undisclosed amount. Investors were Wuyuefeng Kechuang and Baidu Ventures.
Stratum raises USD 2 million in seed financing
On 2026-03-27, according to Xiniu Data, Stratum completed seed financing, raising USD 2 million.
Taojinglihua completes equity financing
On 2026-03-27, according to Xiniu Data, Taojinglihua completed equity financing for an undisclosed amount. Investors were Binfu Capital.
Xingyi Technology raises RMB 10 million in equity financing
On 2026-03-27, according to Xiniu Data, Xingyi Technology completed equity financing, raising RMB 10 million. Investors were Shuimu Venture Capital, Shenzhoutongyu, Quanshi Capital.
Yuehua Entertainment reports CNY 907 million revenue in 2025, up 18.6%, with CNY 64.168 million net profit attributable to shareholders
Yuehua Entertainment’s 2025 CNY-denominated annual results showed 907 million yuan in full-year revenue, growing 18.63% year over year, and CNY 64.168 million in net profit attributable to shareholders, growing 36.7%. At the end of 2025 it had 64 signed artists and 55 trainees. Converted from CNY at 7.2/USD, revenue was approximately USD 126 million.
Yuewa Innovation completes equity financing
On 2026-03-27, according to Xiniu Data, Yuewa Innovation completed equity financing for an undisclosed amount. Investors were XVC.
Aoyi Technology completes Series C financing of RMB 150 million
On 2026-3-26, according to Xiniu Data, Aoyi Technology completed Series C financing of RMB 150 million. Investors were CICC Capital.
Doctronic grows 15 times to USD 15 million in ARR in six months
On 2026/3/26, LinkedIn reported that healthcare AI company Doctronic grew annualized revenue 15 times to USD 15 million within six months. It did not disclose funding or valuation.
Jinghua raises tens of millions of RMB in angel financing
On 2026-03-26, according to Xiniu Data, Jinghua completed angel financing, raising tens of millions of RMB. Investors were Boyan Technology, Yingnuo Fund, Guoliangufen, Shengjingjiacheng.
Kaizntree reaches USD 2 million in ARR, growing 25% monthly
On 2026/3/26, X reported that supply chain AI platform Kaizntree reached USD 2 million in annual recurring revenue while maintaining 25% monthly growth. It did not disclose funding or valuation.
Lancun Technology raises tens of millions of RMB in angel financing
On 2026-03-26, according to Xiniu Data, Lancun Technology completed angel financing, raising tens of millions of RMB. Investors were Fanchuang Capital, Shenran Investment.