Manycore Tech to launch LuxReal AI video tool for short dramas
The launch comes as AI video tools face weak user retention and uncertain monetization on the consumer side, pushing the industry toward enterprise workflows and B2B use cases.
The launch comes as AI video tools face weak user retention and uncertain monetization on the consumer side, pushing the industry toward enterprise workflows and B2B use cases.
The scale is roughly equivalent to digitizing the entire West Lake, a world-famous tourist attraction, in Hangzhou.
The approval allows the company to commercially deploy the model under China’s generative AI regulations, which require security and compliance reviews before public rollout.
The companies said they plan to target sectors including spatial design, tourism, cultural heritage preservation, industrial digital twins, film production and gaming.
The surge follows a strong debut last week, when the stock jumped more than 140% on its first day of trading.
During over-the-counter (OTC) trading the day before the company went public, shares had already leaped 169.29% to HK$20.52, signaling strong pre-debut momentum.
The Hangzhou-based company’s public tranche was oversubscribed about 1,071 times, with total margin financing and subscriptions reaching HK$131.2 billion ($16.75 billion).
The offering marks Manycore as the first global space-intelligence company to go public and the first among Hangzhou’s so-called “Six Little Dragons” to hit the capital markets.
This latest development also positions Manycore Tech as potentially the first public company focused on spatial intelligence globally.