# Alibaba’s cloud division led a $293m funding round into ShengShu Technology, a 2023-founded Beijing-based start-up behind.

*genai · news · 2026-04-10 · Siliconrepublic.com*

## Key points

- Alibaba Cloud led a $293 million funding round into ShengShu Technology, creator of Vidu AI.
- HappyHorse 1.0, developed by Alibaba's new ATH unit, now tops the Artificial Analysis leaderboard.
- HappyHorse was launched anonymously before Alibaba claimed ownership on April 10, boosting its share price.
- ShengShu is developing a 'general world model' using multimodal data, including audio, video, and touch.
- Chinese AI models are rapidly filling the leaderboard gap left by OpenAI's Sora shutdown.

**Companies:** Alibaba, ShengShu Technology, Baidu Ventures, Luminos Ventures
**Countries:** China, Singapore

[Read the full story on Siliconrepublic.com](https://www.siliconrepublic.com/business/alibaba-leads-293m-round-in-chinese-ai-start-up-after-happyhorse-reveal)

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