Core Insights - LiblibAI has launched Tencent Hunyuan Image 3.0 and Youtu-Video FX, enhancing its image and video generation capabilities [1] Company Developments - The new models are available on the LiblibAI platform, allowing users to generate images and videos [1]

Group 1 - CMC Capital and Hong Kong Investment Company have jointly established the "CMC AI Creative Fund" and participated as co-lead investors in a $130 million Series B financing round for LiblibAI, marking the largest financing in the AI application sector this year [1] - The "CMC AI Creative Fund" focuses on the application and innovation of generative artificial intelligence (GenAI) in the creative industry, leveraging the complementary advantages of both firms in industry resources, technical talent, policy positioning, and capital operations [1][2] - Hong Kong Investment Company, fully owned by the Hong Kong SAR government, has invested in over 130 projects, focusing on hard technology, life sciences, and new energy and green technology, with a particular emphasis on AI and embodied intelligence as key growth areas [1] Group 2 - CMC Capital has expanded its investment focus over the past decade to include digitalization, autonomous driving, new energy, new materials, and AIGC, while its affiliate, Huaren Cultural Group, has built a comprehensive ecosystem across various content sectors [2] - CMC Capital's founder emphasizes Hong Kong's potential as an Asian GenAI application center due to its international capital market, leading AI talent, and mature IP protection system, aiming to foster a cluster effect of international tech innovation companies in Hong Kong [2] - LiblibAI, established at the end of 2023, has become China's largest multimodal model and creative community, integrating various AI capabilities and nurturing over 20 million AI creators across multiple visual fields [2][3]

Core Insights - CMC Capital and HKIC have established the "CMC AI Creative Fund" to invest in AI applications, marking a shift in AI investment focus from foundational models to application layers [1][3][8] - The fund aims to position Hong Kong as a global hub for generative AI (GenAI) in the creative industry, leveraging local resources and policies [3][4] Investment Highlights - The fund participated as a lead investor in LiblibAI's Series B financing, which raised $130 million, the largest AI application funding round this year [1][5] - LiblibAI has become China's largest multimodal model and creative community, integrating various AI capabilities and supporting over 20 million AI creators [5][6] Strategic Objectives - CMC Capital aims to drive industry transformation through systematic investments in AI, focusing on the integration of technology, scenarios, and ecosystems [7][8] - The partnership with HKIC is designed to attract global enterprises and talent to Hong Kong, particularly in the cultural and creative sectors [8] Market Positioning - CMC Capital has expanded its investment portfolio to include cutting-edge technologies such as AI, autonomous driving, and new energy, reflecting a commitment to supporting innovative economic growth [4][7] - The establishment of the fund is seen as a long-term vision to foster industry change and create successful AI application models in Hong Kong [8]

近日，CMC资本与香港投资管理有限公司（HKIC，以下简称"港投公司"）共同创立"CMC AI创意基金"，并作为联合领投方参与了中国最大多模态模型与创 作社区LiblibAI的B轮融资。本轮融资总额达1.3亿美元，是今年迄今为止AI应用赛道最大的一笔融资，也标志着AI投资热点正从底层模型转向应用层。 01强强联合：双轮驱动资源优势，推动香港成为全球 GenAI创意枢纽 "CMC AI创意基金"聚焦生成式人工智能（GenAI）在创意产业的应用与创新。该基金依托香港国际化数据环境、成熟文创基础及香港本土及大湾区政策优 势，助力香港建设亚洲GenAI创新枢纽。CMC资本与港投公司的合作，整合了双方在产业资源、技术人才、政策区位与资本运作的互补优势，是市场化投资 机构与政府战略平台的深度融合。 当前，生成式AI技术正经历革命性突破，其多模态内容生成能力为创意产业带来效率跃升、体验焕新、生产关系重构的三重机遇。随着生成式AI技术从实 验室走向商业化应用，CMC资本捕捉并发掘到这一变革性技术对内容创作、媒体娱乐等传统领域的重塑潜力，果断依托过往在科技领域的深度积累，旨在 通过系统性投入，构建"技术+场景+生态"的完整闭环 ...

Core Insights - CMC Capital and HKIC have jointly established the "CMC AI Creative Fund" and participated as co-leads in a $130 million Series B financing round for LiblibAI, marking the largest AI application financing in 2023, indicating a shift in AI investment focus from foundational models to application layers [1][3] Group 1: Fund and Investment Focus - The "CMC AI Creative Fund" focuses on the application and innovation of generative artificial intelligence (GenAI) in the creative industry, leveraging Hong Kong's international data environment and policy advantages to establish it as an Asian GenAI innovation hub [3][6] - HKIC, established by the Hong Kong government, aims to create long-term financial returns while supporting new growth drivers, having invested in over 130 projects with a focus on hard technology, life sciences, and green technology, particularly in AI and embodied intelligence [3][6] Group 2: Strategic Collaboration - The collaboration between CMC Capital and HKIC integrates their complementary advantages in industry resources, technical talent, and capital operations, representing a deep integration of market-oriented investment and government strategic platforms [3][6] - CMC Capital has expanded its investment scope over the past decade into various sectors, including digitalization, autonomous driving, and cutting-edge technologies like AIGC, supported by its extensive content ecosystem [4][6] Group 3: LiblibAI Overview - LiblibAI, founded in late 2023, has become China's largest multimodal model and creative community, integrating capabilities across images, videos, and 3D, and has incubated over 20 million AI creators [4][5] - The platform's unique "tool integration + community ecosystem" strategy has allowed it to stand out, combining leading video and image generation models with a lightweight training mechanism for creators [5] Group 4: Future Directions - The establishment of the "CMC AI Creative Fund" signifies a long-term vision for industry transformation, with CMC Capital reinforcing its commitment to technology investment and HKIC acting as a connector to attract global enterprises and young talent [6] - Future focus areas for the fund include generative AI software, AI hardware, and AI-enabled international expansion, aiming to drive the deep integration of technology, application scenarios, and ecosystems in Hong Kong and the Greater Bay Area [6]

Core Insights - The article discusses the transformative impact of AI, particularly generative models, on the creative industry, enabling individuals from various professional backgrounds to produce creative work with minimal effort [1][2] - LiblibAI, established in May 2023, has rapidly grown to become one of the largest AI image platforms in China, accumulating nearly 20 million creators and generating over 5 million images daily [1] Group 1: AI's Impact on Creative Work - AI has democratized creative processes, allowing non-professionals to create high-quality content, thus redefining the boundaries of creative labor [1][2] - The shift in creative production logic emphasizes imaginative demand over technical software skills, leading to new business opportunities and reshaping creator identities [2][5] Group 2: LiblibAI's Growth and Strategy - LiblibAI's user base grew to 10 million through a combination of grassroots outreach, organic social media sharing, and a closed-loop asset production model [7][10] - The platform supports a community-driven approach, allowing users to upload and share their style models, fostering a rich ecosystem of creativity [9][10] Group 3: Global Expansion and Market Adaptation - LiblibAI aims for global reach, initially targeting markets in Japan, South Korea, and Southeast Asia due to their similar aesthetic preferences and openness to AI tools [11][12] - The platform adapts to regional content preferences, with significant differences observed between domestic and international user demands [12] Group 4: Future of AI in Creative Industries - The integration of AI is expected to shift creative workflows from labor-intensive to creativity-intensive processes, allowing creators to focus on narrative and selection rather than execution [14][19] - Future creators will need to develop skills in expressing creative ideas clearly, as AI tools evolve to facilitate more natural interactions [15][16] Group 5: Long-term Vision and Industry Evolution - LiblibAI envisions a future where AI acts as a collaborative partner in the creative process, enhancing human creativity rather than replacing it [20][23] - The company aims to become a global hub for multi-modal AI creativity, connecting creators and developers worldwide [23]