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Liblib's $300M Funding Cements China's AI Content Leadership

China's AI Content Champion Raises $300 Million

In a move that solidifies China's position in the global AI race, Evoken - the company behind popular creative platform Liblib - has closed a massive $300 million Series B+ funding round. The investment values the Beijing-based firm at over $2 billion, marking one of the largest valuations for an AI application company in China.

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The Investors Behind the Deal

The funding round was spearheaded by heavyweight investors Granite Asia, Tencent, and Shunwei Capital, with participation from HT Investment and Time Capital. Existing backers including Gao Rong Capital and Ant Group also doubled down on their bets. This brings Evoken's total funding to over $500 million in just eight months - a remarkable feat that demonstrates strong confidence in China's AI application market.

Revenue Growth Outpaces Expectations

Evoken's financials tell an equally impressive story. As of May 2026, the company's Annual Recurring Revenue (ARR) has surpassed $300 million, with monthly revenue growth exceeding 300% year-over-year. Unlike many AI startups still searching for sustainable business models, Evoken's revenue comes primarily from professional content creators in short dramas, films, and advertising - clients who rely on these tools for their daily work.

Building the AI Content Ecosystem

What sets Evoken apart is its comprehensive approach to AI content creation. The company has methodically built three interconnected platforms:

  • LiblibAI: An image creation community with 30 million users and 500,000 original models
  • LibTV: A video platform serving nearly 1,000 professional teams, hitting $1 million daily revenue in its first month
  • Xingliu: A design agent with over 10 million users

Together, these tools form a complete pipeline for professional content production - from initial concept to final delivery. This integrated approach has allowed Evoken to compete globally with leaders like Runway and ElevenLabs, while offering something most Western startups lack: a complete workflow solution rather than isolated tools.

What This Means for the AI Industry

Evoken's success signals an important shift in the AI landscape. The industry is moving beyond simple comparisons of generation quality into more complex evaluations of complete production ecosystems. As content creation becomes increasingly AI-driven, professionals need tools that work together seamlessly across the entire creative process.

The company's rapid growth also provides a compelling case study in AI commercialization. While many AI startups struggle to find paying customers, Evoken has demonstrated that serving professional creators with practical, workflow-integrated solutions can be both technically impressive and financially sustainable.

Key Points

  • $300 million Series B+ round at $2 billion valuation
  • Total funding now exceeds $500 million in eight months
  • Annual Recurring Revenue (ARR) surpasses $300 million
  • 300% year-over-year revenue growth in May 2026
  • Three core products serving 30+ million users combined
  • Positioned as China's answer to global players like Runway and ElevenLabs