Vertical Observer

The vertical-drama business, sourced

UPDATED 23 October 2026 216 REPORTS · 172 COMPANIES

Capital

Evoken, the LiblibAI parent, raises about $300m at more than $2bn

Yicai Global reported the Series B+ on 18 June 2026. The money goes to the AI video tool layer rather than to a consumer microdrama app.

companyChina

What this basis means: Disclosed by the company about itself, and not independently confirmed.

Evoken, the parent of the Chinese AI video platform LiblibAI, raised approximately $300m in a Series B+ round at a valuation above $2bn, Yicai Global reported on 18 June 2026.

The round sits in the AI production-tool layer rather than in consumer microdrama distribution. Granite Asia and Shunwei Capital led the round, joined by HT Investment and Jadestone and by existing investors Ant Group and Sequoia China.

Companies Evoken, LiblibAI

Sources

Correction

: The report did not name the round's investors. Granite Asia and Shunwei Capital led it, joined by HT Investment, Jadestone and existing investors Ant Group and Sequoia China.