IPO News | Rumor has it that AI video platform Shengshu Technology is considering a Hong Kong listing plan to raise more than 500 million US dollars

The Zhitong Finance App learned that according to reports, Shengshu Technology, an AI video platform supported by Alibaba, is considering listing in Hong Kong. The company is cooperating with CICC and CITIC Securities to advance the listing. People familiar with the matter said that Shengshu Technology plans to raise more than 500 million US dollars (HK$3.9 billion), and the listing plan may be carried out next year. Shengshu Technology, CICC and CITIC Securities declined to comment.

According to reports, Shengshu Technology was founded in March 2023, originating from the Tsinghua University team, and is famous for developing the video generation model Vidu. Shengshu Technology completed Series B financing of nearly RMB 2 billion in April of this year. This round of financing was led by Alibaba Cloud, and investors such as China Grid Investment, Jiu'an Begonia, Good Future, and Guanghe Venture Capital made strategic investments.

In July, at the 2026 Global Digital Economy Conference Artificial Intelligence Integration Application Development Forum, Zhu Jun, the founder of Shengshu Technology, released a next-generation model for real-time interaction scenarios, the Vidu S1 real-time interaction model. The model supports real-time video calls and voice control video trends. Users can not only control the behavior of digital people through voice, but also achieve continuous interaction for an unlimited period of time. At the same time, Vidu S1 supports 540P (960x540) high-definition resolution and 25 FPS frame rate (supports up to 42 FPS), and can quickly create exclusive interactive characters based on any initial image and personalized sound, such as real people, anime, and cute pets, bringing users a more natural, smooth, and immersive real-time interactive experience.