36Kr has exclusively learned that on September 10, AI video generation company PixVerse disclosed the successful completion of its Series B funding round, raising over US$60 million. This round was spearheaded by Alibaba, with significant contributions from Fortune Capital, Shenzhen Capital Group, Beijing AI Industry Investment Fund, Hunan TV & Broadcast Media Group, Giant Network, Antler, and other investors. This marks the largest single funding amount ever recorded in China's video generation industry. The capital raised will be allocated towards enhancing technological research and development (R&D) and fueling market expansion efforts. At present, PixVerse boasts a global user base exceeding 100 million. Its proprietary video generation large - scale model, PixVerse V5, has claimed the top spot on Artificial Analysis's text - to - video ranking chart. Additionally, its product PixVerse (Paiwo AI) has secured the 25th position on a16z's 'Global Top 50 Generative AI Consumer Mobile Apps' list.