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On October 30, 2026, Securities Times reported that Qin Lin, founder of Xuanjia Technology, proposed that the competitive focus of the AI video industry has shifted toward industrialized mass-production capability. The report said Xuanjia Technology completed its B1 funding round, and about 30 days later, its B2 round was jointly invested by Shenye Capital, Fachuang Capital and Jiangbei New Area Science and Technology Investment Group, with cumulative financing exceeding 200 million yuan and an estimated valuation expected to surpass 2 billion yuan. Qin Lin said the production cost of a 120-minute short drama can be compressed from 300,000 to 500,000 yuan to about 5,000 yuan; the company's AI business revenue is growing at about 50% per month, and the platform has more than 100,000 online registered users. There are currently no facts on subsequent developments.
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Oct 30
Securities Times
Xuanjia Technology's B1 and B2 funding rounds landed in quick succession; founder Qin Lin says commercialization in the AI video track is accelerating
Xuanjia Technology has completed its B1 funding round; about 30 days later, the B2 round was jointly invested by Shenye Capital, Fachuang Capital and Jiangbei New Area Science and Technology Investment Group, bringing cumulative funding to over 200 million yuan, with valuation expected to exceed 2 billion yuan. Founder Qin Lin says competition in AI video has shifted to industrialized mass-production capability, and the production cost of a 120-minute short drama can be compressed from 300,000 to 500,000 yuan to about 5,000 yuan. The company's AI business revenue is growing at about 50% per month, and the platform has over 100,000 online registered users.