The investment adds to a wave of Chinese tech funding for world-model developers as Alibaba, Tencent and Baidu race to catch up with ByteDance in multimodal AI

PixVerse has closed a $439 million Series C, backed by Alibaba and a group of international investors.

The investment adds to a wave of Chinese tech funding for world-model developers as Alibaba, Tencent and Baidu race to catch up with ByteDance in multimodal AI