Alibaba Group has led a funding round for Chinese AI video startup AIsphere, bringing its Series C financing to 2.98 billion yuan ($439 million). The investment reflects a broader race among Chinese tech giants to strengthen multimodal AI capabilities and challenge ByteDance’s lead in video-generation technology. AIsphere’s PixVerse platform has attracted more than 150 million registered users, with an annualized revenue run rate exceeding $40 million as of October 2025.
