Alibaba Leads $300M Investment in Chinese AI Video Generator ShengShu
MC
Maya Chen
AI Business CorrespondentBloomberg Technology✓Verified across 1 source
The Brief
Alibaba's cloud division led a $293 million funding round for ShengShu Technology, strengthening the startup's position in China's competitive AI video generation market. The investment signals major tech players' aggressive push into generative video as competition intensifies globally.
✓Verified across 1 independent source