AI video startup Aishi Technology, founded by former ByteDance visual technology head Wang Changhu, closed its overall C round at RMB 2.98 billion (~$410M). Alibaba led the C+ tranche, having previously led Aishi's $60M B round in 2025, and uses an "Equity + Compute" model to lock startups into its infrastructure.
Alibaba's investment in Aishi Technology secures a significant AI inference workload for its cloud, deepening its symbiotic moat with AI model companies.