Nearly 3 billion, Alibaba led the investment of a Byte veteran

Zhidongxi Author | Jiang Yu Editor | Xinyuan Zhidongzhi reported on July 14 that today, Beijing AI video unicorn Aishi Technology announced the completion of the overall Series C financing, with a cumulative financing of 2.98 billion yuan in this round. Among them, the C+ round was led by Alibaba, with participation from more than ten institutions including Lollapalooza Capital (run by Wang Huiwen’s family), Ivy Capital, Huiyuan Capital, Bell Capital, Korea Mirae Asset, OCBC Ecosystem’s Lion X Fund, BlueFocus, CloudAlpha, and iGlobe Partners. Aishi Technology plans to use this round of funds mainly for the research and development of basic video generation models and real-time world models, as well as global product growth and industrial scenario implementation. Aishi Technology was established in April 2023. It focuses on the research and development and application of large AI video generation models and related products. It is the first domestic start-up company to release a DiT architecture video generation model. Its founder and CEO Wang Changhu was the former head of ByteDance’s visual technology and participated in the visual capability building of products such as Douyin and TikTok from 0 to 1. Before joining Byte, he held research positions at Microsoft Research Asia and the National University of Singapore. ▲The personal homepage of Wang Changhu, founder and CEO of Aishi Technology. According to the information previously announced by Aishi Technology, before this C+ round of financing, the company had completed a total of 8 rounds of angel round, A1 to A4 rounds, B round, B+ round and C round. In March 2026, Aishi Technology completed US$300 million in Series C financing , led by CDH Hong Kong Fund, CDH VGC, CDH Baifu, industrial investors China Ruyi, Sanqi Interactive Entertainment, investment institutions Yizhuang SDIC, Zhongwei Capital, Guotai Junan Innovation Investment, Su Venture Group, Suzhou Zhuopu, Huakong Fund, Fosun Ruizheng, Suzhou Yihe, and several world-renowned family offices participated in the investment, well-known overseas investment institutions UOB Venture Management, OCBC Ecosystem Lion X Fund, 3W Fund, Antler, EnvisionX Capital, iGlobe Par