News
Company news and developments, with original sources and dates.
Updated from source
Funding RSS ↗Aijiekexin completes Pre-Series A financing
On 2026-08-19, according to Xiniu Data, Aijiekexin completed Pre-Series A financing for an undisclosed amount. Investors were Hainan Baidun Investment Partnership (Limited Partnership), Shanghai Shixizhaoyizhixin Venture Capital Partnership (Limited Partnership). The company is a developer and manufacturer of AI high-compute chips.
Zhichen Semiconductor completes angel financing
On 2026-08-14, according to Xiniu Data, Zhichen Semiconductor completed angel financing, raising tens of millions of RMB. Investors were Weilaijiqi Co., Ltd. and others. The company is a provider of large model AI chip platforms.
Seenton completes equity financing
On 2026-08-04, according to Xiniu Data, Seenton completed equity financing for an undisclosed amount. Investors were Xi’an Caijinbogaitou Investment Partnership (Limited Partnership). The company is a provider of intelligent industrial inspection solutions.
Koudailinghangwaijiao raises an undisclosed amount in equity financing
On 2026-07-28, according to Xiniu Data, Koudailinghangwaijiao completed equity financing for an undisclosed amount. Investors were Langfangqiyuanxiangcai Industry Guquan Investment Partnership (Limited Partnership). The company is a provider of AI English learning products.
Chaojixin Technology raises an undisclosed amount in equity financing
On 2026-07-27, according to Xiniu Data, Chaojixin Technology completed equity financing for an undisclosed amount. Investors were Hangzhou Huiguangrixin Phase Two Venture Capital Fund Partnership (Limited Partnership), Jiaxinghaijianruizhe Venture Capital Partnership (Limited Partnership). The company is a developer and manufacturer of optoelectronic integrated chips.
Aijiekexin raises an undisclosed amount in equity financing
On 2026-07-23, according to Xiniu Data, Aijiekexin completed equity financing for an undisclosed amount. Investors were Guojia Artificial Intelligence Industrial Investment Fund Partnership (Limited Partnership). The company is a developer and manufacturer of AI high-compute chips.
Moonshot exceeds USD 300 million ARR at USD 31.5 billion pre-money valuation
On 2026/7/3, Baijiahao reported that China’s Moonshot had exceeded USD 300 million ARR, with APIs contributing more than 70% of revenue. Its pre-money valuation rose to USD 31.5 billion, compared with USD 20 billion in the previous round.
Koudailinghangwaijiao raises tens of millions of RMB in Series A financing
On 2026-06-11, according to Xiniu Data, Koudailinghangwaijiao completed Series A financing, raising tens of millions of RMB. Investors were lead investor Yuanqi Fund. The company is a provider of AI English learning products.
Qianjue Technology raises several hundred million CNY in Series A funding
On 2026/6/10, Xiniu Data reported that Qianjue Technology completed Series A funding worth several hundred million CNY, led by Jingming Capital, with participation from Shandong New Growth Drivers Fund Management Co., Ltd., Caijin Capital, Yuanhe Houwang, Xinneng Ventures, Nanchuang Investment, Inno Angel Fund, Shangshi Capital, Renai Group, Xuansu Investment, Qingdao Xiangying Dengyun Private Equity Investment Fund Partnership (Limited Partnership), and others. The company provides embodied brain solutions.
Aijiekexin raises RMB 550 million in equity financing
On 2026-04-20, according to Xiniu Data, Aijiekexin completed equity financing, raising RMB 550 million. Investors were Changxinxinjuguquan Investment (Anhui) Co., Ltd., Hefei Shixizhaoyichuangzhi Venture Capital Fund Partnership (Limited Partnership), Caixun Technology Co., Ltd., Beijing Rongsheng Enterprise Management Partnership (Limited Partnership) and others. The company is a developer and manufacturer of AI high-compute chips.
Extremevision raises HKD 47.2 million in equity financing
On 2026-03-20, according to Xiniu Data, Extremevision completed equity financing, raising HKD 47.2 million. Investors were GKM, Jinanshizhongcaijin Investment Group.
Maijiata completes equity financing
On 2026-02-02, according to Xiniu Data, Maijiata completed equity financing for an undisclosed amount. Investors were Dongfangfuhai, Dehu Capital.
Kling AI exceeds USD 20 million revenue in month 12 of the previous year and USD 240 million ARR
On 2026/1/13, Baijiahao reported that Kuaishou’s AI video company Kling AI had exceeded USD 20 million in revenue in month 12 of the previous year and USD 240 million ARR. It had announced ARR above USD 100 million in 2025/3 and recently released Kling O1, the world’s first unified multimodal video model.
AI marketing company Photog raises tens of millions of CNY to expand scale and business implementation
On 2025/8/29, Baijiahao reported that Shenzhen AI marketing company Photog had raised tens of millions of CNY in angel funding led by Yuntianshi Fund, with Leaguer Venture Capital and GSR United Capital participating. Founded in 2024/5, it provides AI marketing agents across insights, strategy, content and operations, serving leading brands in consumer electronics, beauty and fast-moving consumer goods.
Kuaishou’s Kling AI generates CNY 250 million quarterly revenue, serves more than 20 thousand enterprise customers
On 2025/8/22, Baijiahao reported that Kuaishou’s Kling AI had generated CNY 250 million in quarterly revenue and served more than 20 thousand enterprise customers in total. Cumulative revenue from commercialization in 2024/7 through 2025/2 was CNY 100 million, with quarterly revenue now far exceeding that earlier total.
Turing Market raises nearly ten million 2 months after founding, backed by well-known brands with a core Tsinghua doctoral team
On 2025/8/22, Baijiahao reported that cross-border influencer marketing agent Turing Market had raised nearly ten million CNY in seed funding just two months after founding. Its core team came from Tsinghua University’s doctoral program. It offers performance-priced AI influencer marketing tools and had served overseas-facing brands including Anker, Xiaomi and Shein.
Shengshu Technology's Vidu exceeds CNY 140 million in revenue within 8 months, reaches over 200 countries and regions, and partners with over 3000 enterprises
On 2025/8/14, Baijiahao reported that Shengshu Technology's Vidu video large model exceeded USD 20 million in annualized revenue, approximately CNY 140 million, within 8 months of launch. Users span more than 200 countries and regions, generating approximately 820,000 videos daily and more than 300 million in total. It has partnered with more than 3000 enterprises.
AI startup Linggan Shike raises Pre-A and Pre-A+ funding at post-money valuation above USD 100 million
On 2025/8/5, Baijiahao reported that on-device-native AI company Linggan Shike had raised Pre-A and Pre-A+ funding at a post-money valuation above USD 100 million, with investment from GL Ventures and HongShan. Former Tencent senior director and CMU AI PhD Kang Hongwen founded the company, focusing on an on-device multimodal content operating system.
Mobvista invests in Sandwich Lab to optimize and promote Lexi and expand its small and medium-sized business user base
On 2025/7/17, Baijiahao reported that Mobvista made a strategic investment in Sandwich Lab to optimize and promote its AI Meta advertising agent product Lexi. Sandwich Lab focuses on building business intelligence agents; its core product Lexi helps small and medium-sized businesses efficiently create and manage professional advertising.
Haijiaolan Technology completes strategic financing
Brief not available.
Maijicaishui completes strategic financing
Brief not available.
Liqingaijia completes strategic financing
Brief not available.
Kuaijixinyun completes strategic financing
Brief not available.