Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

Production / IP

Evoken (演语科技) / LiblibAI — LibTV

Key facts

Operator / parent
Evoken (演语科技), Beijing
Origin
China
Headquarters
Beijing, China
Launched
LiblibAI 2023; LibTV March 2026
Category
Production / IP

Evoken runs LiblibAI, an AI-image community it puts at more than 30m users, and launched the AI-video tool LibTV in March 2026. LibTV is used to produce short drama; the company also markets an AI design agent, Xingliu. It reported annualised recurring revenue above $300m in May 2026, more than 30 times higher year on year. A B+ round of about $300m (近3亿美元) was disclosed on 18 June 2026 and had closed in the first half of the year, at a post-money valuation above $2bn, reported as the largest single round in China's AI-application track. Its founder previously worked at ByteDance. The company sits in the tool layer and does not operate a consumer microdrama platform.

Reported figures

MetricFigureBasisSource
LiblibAI usersmore than 30mcompanyCompany disclosure

Profile

Markets
China and global; a creation tool
Content
AI-video creation tool layer (LibTV) used to produce short drama; the LiblibAI AI-image community; the AI design agent Xingliu.
Monetisation
Software-as-a-service / AI creation tools
Backers
Led by Granite Asia and Shunwei Capital, with HT Investment and Jadestone (时代资本); existing investors Ant Group, Sequoia China, Mingshi and Gaorong.

Sources