经济观察报 记者 任晓宁 早上10点，AI创作者KK熟练地打开了电脑上的三个AI视频软件。作为虎山行AI创意工作室的创始人， 过去半年里，他凭借AI制作的视频广告获得了数十万元的收入——这远超他之前在广告公司打工的薪 水。 为了维持这个高收入流，KK毫不犹豫地成为了AI视频工具的付费用户，每月会员费近千元。 （KK制作的AI视频《无主时代》。视频来源：虎山行AI创意工作室） KK并非个例，正是成千上万个像他这样利用AI成功变现的创作者，合力将2025年的中国AI视频行业推 向了一个前所未有的商业高度。 仅用了一年时间，AI视频赛道已经从"震撼但难用"的炫技阶段，逐渐进入到让技术层和应用层甚至普通 用户有望赚到真金白银的阶段。 C端用户愿意付费了 KK这样的创作者跑通内容变现路径后，愿意持续为AI视频会员续费。这些C端用户扛起了AI视频公司 收入增长的大旗。 以爱诗科技为例，其收入近80%来自C端用户付费订阅，且绝大部分是海外用户。欧美用户贡献了超过 一半收入，巴西紧随其后。 在海外，大量普通用户通过AI视频产品第一次尝到了做网红的甜头。巴西用户nerdsoul利用AI制作经典 角色老龄化特效，视频播放量破2. ...

昨晚，AI视频领域，终于来了一点新东西。 可灵，掏出了一个全新的多模态视频大模型，可灵 O1 。 弹窗上，居然显示连发5天，后面除了可灵O1，还有新货。 而这也是第一次， 在AI视频领域，有人把参考生视频、文生视频、首尾帧生视频、视频内容修改、风格重绘、镜头延展等等多种能力，融合到了 这个大一统的可灵 O1 模型之中。 而我，也做了一个小片子，来给大家展示一下，它的能力。 可以说，这就是AI视频领域的Nona Banana。 目前，已经正式上线，所有的人也都可以玩到。 可灵 O1 的这个O，就是Omni的缩写，跟GPT-4o的那个o意思一致，这单词来自拉丁语前缀，意思就是"all，所有、一切"。 基本现在大模型圈已经有了一个心照不宣的默契，就是谁在名字里加个 Omni，基本就是在对外说。 我是一个多模态大一统的基座模型。 进去以后，就可以看到这么一个界面。 可以上传图片和视频，也可以用主体。 作为可灵超创，我在上周其实就已经拿到了内测资格，在体验了几天，花了2万多积分，做了2个小片子以后，说实话，很多的玩法让我很惊喜。 所以，我也想来跟大家，真实的聊一聊，我对可灵 O1 的评价。 话不多说，正式开始。 首先， ...

Core Insights - The article discusses the competitive landscape of AI video startups in China, particularly in light of recent significant funding rounds and the launch of OpenAI's Sora2 model, which has raised concerns among entrepreneurs about the viability of their businesses [3][4][5]. Funding Developments - LiblibAI announced a $130 million Series B funding round on October 23, marking the largest single financing in China's AI application sector since 2025, led by Sequoia China and CMC Capital [3]. - A week prior, Aishi Technology completed a 100 million RMB Series B+ funding round, with its products PixVerse and PaiWo AI surpassing 100 million users and achieving an annual recurring revenue (ARR) of over $40 million [3][9]. - The rapid funding activity reflects a response to the competitive pressures introduced by Sora2, which has reinvigorated interest in AI video applications [5]. Sora2's Impact - OpenAI's Sora2 model, released on September 30, represents a significant advancement in video generation capabilities, achieving near-perfect synchronization of voice, sound effects, and lip movements [4][7]. - Sora2's launch has been likened to a "GPT moment" for video, creating a surge of interest and activity in the AI video sector [4][6]. - The SoraApp, associated with Sora2, allows users to create videos easily and remix others' works, positioning it as a potential disruptor in the content creation space [7][8]. Market Dynamics - The emergence of Sora2 has prompted a wave of new AI video startups in China, with many entrepreneurs now actively pursuing opportunities in this space [8][10]. - Companies like Sand.ai have introduced new models like GAGA-1, which focus on audio-visual synchronization, indicating a shift towards consumer-oriented applications [10][11]. - The competitive landscape is characterized by a mix of established players and new entrants, with ByteDance being identified as a significant competitor for Chinese AI video startups [10][12]. Future Outlook - The article suggests that the narrative around AI video models is evolving, with a growing belief that the model capabilities will increasingly overshadow traditional product offerings [13][14]. - Entrepreneurs are encouraged to focus on user experience and innovative applications rather than directly competing with large companies on foundational models [17][18]. - The potential for AI video to transform into a community-driven platform is highlighted, with the possibility of redefining content consumption and creator engagement [16][17].

Core Viewpoint - Wanjing Technology is accelerating its "Creative Equality" initiative by launching the "Reference Video" feature on its AIGC video creation platform, enabling users to create dynamic videos from static images with ease [1] Company Summary - Wanjing Technology has introduced the "Reference Video" function on its Tianmu Creative Square and mobile app, allowing users to upload three types of reference images (subject, style, scene) for one-click video creation [1] - The "Reference Video" feature leverages Wanjing Tianmu's advanced multimodal understanding and generation capabilities, allowing for precise control over the video creation process [1] - Users can generate videos by uploading at least one subject image and can flexibly add style and scene images based on their creative needs, significantly enhancing video creation efficiency [1] Industry Summary - The AI video sector is experiencing rapid growth, with a forecasted market size in China exceeding 120 billion yuan by 2025 and reaching 580 billion yuan by 2030, reflecting a compound annual growth rate of over 35% [1] - The AI video creation landscape is transitioning from "tool assistance" to becoming a "content mainstay," emphasizing the importance of controllable, fast, and realistic AI video creation capabilities [1] - As the demand for AI video increases, Wanjing Technology is committed to driving AI technology innovation and practical applications in the industry [1]

Core Insights - AI video company Aishi Technology has completed a B+ round financing of 100 million RMB, with investments from Fosun RZ Capital, Tongchuang Weiye, and Shunxi Fund [1] - The financing will support the company's future technology research and market expansion, aiming to promote the accessibility of AI video generation technology [1] Company Performance - Aishi Technology's products, PixVerse and Pai Wo AI, have surpassed a user base of 100 million globally [1] - The company's annual recurring revenue (ARR) has exceeded 40 million USD, with monthly active users (MAU) exceeding 16 million [1] - Revenue has grown more than tenfold in less than a year since the official commercialization in November 2024 [1]

Group 1 - The core point of the article highlights the recent financing news of AI video company Aishi Technology, which completed a 100 million yuan B+ round of financing, marking the second capital injection within a month [1] - Aishi Technology's growth trajectory is described as exemplary, achieving over 100 million users within a year and a tenfold increase in revenue post-commercialization, attracting top-tier institutions like Fosun Ruijing and Tongchuang Weiye [2] - The article emphasizes the importance of quantifiable growth in attracting capital, with Aishi Technology's clear user metrics of 16 million MAU and 40 million USD ARR being particularly appealing to investors [2] Group 2 - The article discusses common misconceptions among investors during market recoveries, including the "illusion of guaranteed increases" and "rebounds delusion," highlighting that not all stocks follow the market trend [5][6] - It points out that market dynamics are constantly shifting, with no sector maintaining a consistent winning streak, as evidenced by the electronic sector's mixed performance [6] - The article uses the case of the liquor ban in May 2025 to illustrate that market movements often precede institutional actions, indicating that smart money had exited before the policy was announced [8][10] Group 3 - The case of Nuotai Biotech, which saw a 25% increase after being designated as ST, is presented as a logical outcome of prior institutional accumulation, similar to the data indicators observed before Aishi Technology's financing [12] - The article concludes that in an information-overloaded environment, only quality data can reveal the underlying truths of the market, reinforcing the belief that a robust data system acts as a high-precision microscope [12]

Core Insights - AI video company Aishi Technology has completed a B+ round financing of 100 million yuan, with investments from Fosun Ruijun, Tongchuang Weiye, and Shunxi Fund [1] Company Overview - Aishi Technology's products, PixVerse and Pai Wo AI, cater to both consumer and professional creators [1] - The user base of Aishi Technology has surpassed 100 million [1] - The company's annual recurring revenue (ARR) exceeds 40 million USD [1] - Monthly active users (MAU) for the products have exceeded 16 million [1]

Company Developments - Alibaba and Ant Group jointly invested 9.25 billion USD (approximately 66 billion RMB) to establish their headquarters in Hong Kong, aiming to expand their international business [2] - Alibaba Cloud launched its second data center in Dubai to meet the growing demand for cloud and AI services in the Middle East, expanding its global presence to 29 regions and 92 availability zones [2] - AliExpress announced the schedule for its overseas Double 11 and Black Friday events, starting pre-sales on November 8 and running sales from November 11 to December 3, focusing on "commission incentives + overseas hosting + brand expansion" [2] Logistics and Supply Chain - Cainiao unveiled its global logistics guarantee plan for the 2025 year-end promotion, offering services like "global five-day delivery" and "G2G core area three-day delivery" [3] - Ideal Auto opened its first overseas retail center in Tashkent, Uzbekistan, selling three range-extended electric models and partnering with local dealers to enhance service networks [3] - XPeng Motors launched a digital parts warehouse in Dubai, marking a new phase in its after-sales service network for the Middle East and Africa [3] Autonomous Vehicles and Technology - BYD won a bid for Singapore's L4 autonomous bus pilot project, which will test electric self-driving buses on specific routes starting mid-2026 [4] - Pony.ai passed the Hong Kong Stock Exchange hearing and is actively expanding its business internationally, including partnerships in Luxembourg, Singapore, and Dubai [4] - New Stone Technology partnered with UAE's K2 Group to accelerate the deployment of autonomous delivery vehicles in the region [5] Renewable Energy and Storage - Canadian company Canadian Solar's subsidiary, Canadian Solar Energy, signed a battery storage system supply agreement for projects totaling 2.122 GWh in Ontario, with operations expected to start in 2026 [6] Investment and Financing - Aishi Technology completed a 100 million RMB B+ round financing, with over 100 million global users and an annual recurring revenue exceeding 40 million USD [6] - Cloud Robotics company Yunji Technology went public on the Hong Kong Stock Exchange, raising approximately 590 million HKD and achieving a market capitalization close to 10 billion HKD [6] - JiuSi Intelligent secured a multi-million USD financing round led by Ant Group, focusing on L4 autonomous delivery vehicles and expanding its operations globally [7] Market Trends - GITEX Global 2025 was held in Dubai, showcasing major breakthroughs in biotechnology, AI, quantum computing, and data centers, attracting thousands of tech companies [8] - China's exports of holiday goods, dolls, and animal-shaped toys exceeded 50 billion RMB in the first three quarters, highlighting the influence of traditional culture and innovation in foreign trade [8] - Nine Chinese companies made it to the 2025 Global Top 50 Mobile Game Publishers list, reflecting the strength of the Chinese gaming industry [8]

Core Insights - AI video company Beijing Aishi Technology Co., Ltd. has completed a Series B+ financing round of 100 million yuan, led by Fosun Ruijing, Tongchuang Weiye, and Shunxi Fund [1] - The company's product PixVerse has surpassed 100 million users and achieved an annual recurring revenue (ARR) of over 40 million USD, with a monthly active user (MAU) count exceeding 16 million [1] - Aishi Technology's revenue has grown more than tenfold in less than a year, making it one of the fastest-growing AI platforms globally in terms of revenue and user growth [1] Financing and Growth - The recent financing round marks the largest single financing amount in the domestic video generation sector, following a previous round in September that raised over 60 million USD [1] - The funds will support the company's future technology research and market expansion, promoting the accessibility of AI video generation technology [1] Product Development and Features - Aishi Technology has achieved global leadership in key dimensions such as rapid generation and consistency with its self-developed video generation model, which has undergone five iterations and eight version updates in two years [2] - The launch of PixVerse V5 has optimized dynamic effects, high-definition visual processing, consistency, and instruction adherence, enhancing both efficiency and quality [2] - The new Agent creation assistant feature allows ordinary users to generate professional-level videos without mastering complex prompt techniques [2] User Engagement and Commercialization - The platform has seen stable user growth and high community engagement, laying a solid foundation for commercialization, which is set to begin in November 2024 [2] - The ARR primarily comes from subscription services, and the recently opened API ecosystem has also shown strong performance [2][3] Industry Impact and Recognition - As of August 31, the PixVerse open platform generated over 10 million videos through its API in the past six months, with API call volume doubling in August [3] - Aishi Technology's CEO expressed excitement for experimental and innovative works, highlighting the potential of AI-generated content [3] - PixVerse showcased ten AI-generated works at the Busan International Film Festival, further establishing its presence in the creative industry [3]

Core Insights - AI video company Aishi Technology announced the completion of a 100 million RMB Series B+ financing round, with investments from Fosun RZ Capital, Tongchuang Weiye, and Shunxi Fund [1] - Aishi Technology's product PixVerse and Pai Wo AI serve both consumer and professional creators, with a user base exceeding 100 million and rapid global growth [1] - The company's annual recurring revenue (ARR) has surpassed 40 million USD, and its monthly active users (MAU) exceed 16 million [1] - Aishi Technology officially commercialized in November 2024, achieving over 10 times revenue growth in less than a year, making it one of the fastest-growing AI platforms globally in terms of revenue and user growth [1] - In a previous financing round on September 10, Aishi Technology raised over 60 million USD, led by Alibaba, marking the largest single financing amount in the domestic video generation sector [1] - The funds from the latest financing will support the company's future technology research and market expansion, promoting the accessibility of AI video generation technology [1]