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Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, strengthening the startup’s position in China’s competitive AI video sector. The Beijing-based company, developer of the Vidu video

2026-04-10

Alibaba Group Holding Ltd.’s cloud division led a 2 billion yuan ($293 million) funding round for ShengShu Technology, strengthening the startup’s position in China’s competitive AI video sector. The Beijing-based company, developer of the Vidu video generator, also attracted investment from Baidu Ventures and Luminous Ventures, though it did not disclose its valuation. The round follows a 600 yuan million raised just two months earlier, highlighting rapid funding momentum in the AI video space.

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2026-04-10

The A-share market saw a surge in the Star Flash concept stocks at the start of trading, with Sunwoda rising over 7%, Hengxuan Technology rising over 6%, and Xinghuan Technology, Lexin Technology, and Huace Testing all rising 4%.

The A-share market saw a surge in the Star Flash concept stocks at the start of trading, with Sunwoda rising over 7%, Hengxuan Technology rising over 6%, and Xinghuan Technology, Lexin Technology, and Huace Testing all rising 4%.
2026-04-10

US President Trump: Fully support Orban's re-election as Prime Minister of Hungary.

US President Trump: Fully support Orban's re-election as Prime Minister of Hungary.
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