What happened in China On or around April 10, 2026, ShengShu Technology closed a Series B funding round of 2 billion yuan ($293 million), led by Alibaba Cloud. The round follows a previous Series A+ of over RMB 600 million (≈$84 million), making ShengShu one of the most heavily capitalised generative video AI companies to emerge from China's current AI cycle. The company's video generation model, Vidu, is already deployed across 200+ regions globally — a footprint that does not stop at any particular geography. ShengShu also reported approximately $220 million in revenue in 2025, a figure that signals this is not a research project hunting for product-market fit. It is a commercialised platform being handed a very large cheque to scale faster. The strategic logic behind Alibaba Cloud's bet is straightforward: video generation is becoming infrastructure, not a feature. Whoever controls the underlying model — and the cloud…