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Caixin Global
Caixin Global

Tech Brief (June 17): Ant Revamps Alipay With AI Assistant in Biggest App Overhaul

Ant Alipay Alibaba China

SiliconFlow raises $294 million as China’s AI inference demand surges

Chinese AI model inference startup SiliconFlow has raised more than 2 billion yuan ($294 million) in a Series B funding round backed by corporate heavyweights including Trip.com Group Ltd. and SenseTime Group Inc. The financing marks the company’s fifth funding round since its inception in August 2023, and reflects growing investor appetite for middle-layer infrastructure providers as explosive enterprise demand for AI agents strains computing resources and overloads model APIs across the industry.

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