Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost

Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.

Jan 13, 2026 - 19:44
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Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost
Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.

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