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Core Insights - LiblibAI, an AI application company, has completed a $130 million Series B funding round, equivalent to over 900 million RMB, marking one of the largest fundraising efforts in the domestic AI application sector [2] - The company, founded by 33-year-old entrepreneur Chen Mian, focuses on video ecology and special effects capabilities, aiming for film-level generation capabilities [4][38] - LiblibAI has rapidly grown to become China's largest multi-modal model and creative community, with over 25 million global users [24] Company Overview - LiblibAI was founded by Chen Mian, who has a background in product management and has worked at major companies like ByteDance [4][6][7] - The company initially faced significant challenges, including nearly going bankrupt due to regulatory issues and high initial costs, but managed to survive and grow [11][19] - The platform has issued over 10 million RMB in creator incentives, emphasizing the importance of a healthy cash flow for survival [20][19] Business Model and Strategy - LiblibAI focuses on AI content creation and sharing, developing multi-modal generation tools and establishing an early ecosystem through a "bring in-service-incubate" approach [10] - The platform has integrated a vast array of models and tools, allowing creators to train their own models and generate images quickly [28][35] - The company aims to evolve from a model and tool aggregator to an "AI professional creative studio," enhancing user experience by providing a one-stop solution [37][38] Market Position and Growth - LiblibAI has positioned itself as a significant player in the AI creative tools market, with a user base that includes one in three designers in China [24] - The platform's commercial revenue is steadily increasing, with top creators earning over 20,000 RMB monthly [35] - The recent launch of LiblibAI 2.0 aims to strengthen its capabilities in video and special effects, targeting the high monetization potential of video content [38]