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The round brings HiDream.ai’s total financing over the past three months to more than RMB 2.1 billion and marks its entry into unicorn status

BEIJING, CHINA – Media OutReach Newswire – 27 July 2026 – HiDream.ai, a global large-model AI technology company, has announced the completion of a RMB 1.5 billion Series C financing round. The round was co-led by the National Social Security Fund Sichuan Revitalization Sci-Tech Innovation Fund, ICBC Capital, Hongyi Asset Management and Dunhong Capital.

New investors including Xiamen ITG Capital, Shanghai Film New Vision Fund, Hubei Yangtze River Industry Investment Group, Huace Film & TV, Hangyuan Capital, Chuangyunhai Capital, Huafu Investment, Yuhang Financial Holding, Bank of Communications Capital and Wakamatsu Fund also participated. Existing shareholders including Hefei Industrial Investment, Fortune Capital, Kingpo Investment, Jinhua Capital, Zhongzhe Capital and Caixin Capital continued to back the company.

The round brings together national-level long-term capital, regional government-backed investment platforms, industry investors and venture capital firms. HiDream.ai said the funding will support its development of native omni-modal world models and the expansion of its product and commercial ecosystem.

The Series C follows two earlier rounds completed within the past three months, bringing HiDream.ai’s total financing during the period to more than RMB 2.1 billion. With the latest round, the company has entered unicorn status.

“Forward-looking judgment on AI technology and continued innovation in large-model architecture have always been core to HiDream.ai’s growth,” said Mei Tao, founder and CEO of HiDream.ai. “We believe the evolution from multimodal AI to native omni-modal world models is an essential path toward AGI. With this funding, we will continue building the foundation for native omni-modal world models and work with global developers and partners to expand the boundaries of intelligence.”

Long-term Capital Backs HiDream.ai’s AI Roadmap

The round includes national-level long-term capital, technology-focused financial investors and multiple regional government-backed investment platforms.

The participation of the National Social Security Fund Sichuan Revitalization Sci-Tech Innovation Fund as a co-lead investor reflects growing institutional support for foundational AI technologies and critical AI infrastructure.

Regional investment platforms including Hefei Industrial Investment, Xiamen ITG Capital, Yuhang Financial Holding and Hubei Yangtze River Industry Investment Group also participated or increased their exposure, providing support across capital, industrial resources and application scenarios.

Existing shareholder Hefei Industrial Investment has backed HiDream.ai across three consecutive rounds, underscoring long-term confidence in the company and its alignment with Hefei’s strategy to develop a hard-tech and AI innovation hub.

HiDream.ai said support from long-term institutional capital and regional government-backed investors will help provide full-cycle backing for model research, product development and industrial deployment.

Industry Investors Deepen Content and Entertainment Partnerships

The Series C round also introduced leading film and entertainment industry investors, including Shanghai Film New Vision Fund and Huace Film & TV.

HiDream.ai said these partnerships will expand its access to film and entertainment resources, production scenarios and high-quality content data, supporting innovation in AI-native content production.

The company has been working with Shanghai Film Co., Ltd. on next-generation content production, cinema scenario upgrades, AI-powered cross-screen marketing, and AI-enabled large-screen production standards and workflows.

HiDream.ai also plans to collaborate with Huace Film & TV on AI agent-assisted content creation, corpus co-development, premium content co-production and full-chain IP development.

Together with earlier cooperation with Hubei Yangtze River Film Group, the addition of Shanghai Film New Vision Fund and Huace Film & TV further expands HiDream.ai’s role in China’s film and entertainment ecosystem and provides richer data and application scenarios for its video models.

From Native Omni-modal Models to World Models

HiDream.ai is among China’s earliest companies focused on multimodal generative AI. Built on its self-developed HiDream model family, the company has developed a portfolio of AI products and a global commercial network across content creation, marketing, and film and entertainment production.

Earlier this year, HiDream.ai’s native omni-modal HiDream-O1 model series, based on its original UiT, or Unified Transformer, architecture, achieved leading results on the text-to-image leaderboard of Artificial Analysis, a global independent AI model evaluation and analytics platform. The open-source version ranked first globally, while the closed-source version ranked among the global top three, positioning HiDream.ai among the leading players in visual generative AI.

At the product and commercialization level, HiDream.ai is pursuing a dual-engine strategy combining foundation models and AI agents. Built on the HiDream-O1 model series, its “1+1+3” framework includes one foundation model, one Token Hub platform for standardized model capability output, and three application areas: commercial marketing, film and entertainment production, and content creation.

At WAIC 2026, HiDream.ai introduced vivago R1, a multimodal creative agent with long-form video generation and editing capabilities. The “R” in R1 stands for long-horizon reasoning, reflecting a shift in AI-assisted creative production from generating isolated assets to planning, orchestrating and executing longer creative workflows.

HiDream.ai’s products currently serve users in more than 100 countries and regions, including over 50 million professional users and more than 40,000 enterprise customers. The company said these commercial deployments validate the practical application of its native omni-modal architecture and provide a foundation for future scale.

HiDream.ai said its long-term vision is to move from multimodal AI to omni-modal AI and ultimately world models — systems capable of understanding, reasoning about and constructing dynamic environments. The company will continue advancing both large-model technology and AI agent products, accelerating the shift of AI from a tool to an intelligent partner.

Hashtag: #HiDreamAI

The issuer is solely responsible for the content of this announcement.

About HiDream.ai

HiDream.ai is a large-model AI technology company focused on native omni-modal intelligence and world-model development. Built on its self-developed HiDream model family, the company develops foundation models, AI agent products and AI applications across commercial marketing, film and entertainment production, and content creation.HiDream.ai’s products serve users in more than 100 countries and regions, including over 50 million professional users and more than 40,000 enterprise customers.

A July poll showed approval for Takaichi’s Cabinet dropping to 57% from 69% in June, as households grew more dissatisfied with rising living costs. Other surveys have also pointed to weakening support, though the level varies considerably among polling organisations.

The decline has placed greater scrutiny on the government’s economic strategy. Takaichi has defended an expansionary programme built around public and private investment in strategic industries, arguing that stronger productivity and economic growth will ultimately restore confidence in the currency.

Market strategists see a growing risk that weaker ratings could push the administration towards measures offering faster political relief. These could include reductions in consumption taxes, expanded subsidies or additional spending aimed at cushioning households from food and energy inflation.

Such steps may prove popular with voters but could unsettle investors unless the government provides a credible funding plan. Japan already carries one of the world’s largest public debt burdens, exceeding twice the size of its economy, while higher interest rates are raising the cost of servicing that debt.

The yen has been trading near 160 to the dollar, increasing the price of imported fuel, food and industrial materials. Its weakness has become a political problem because the benefits to exporters and tourism are being offset by pressure on household purchasing power.

Takaichi has rejected the argument that government policy alone determines exchange rates. She has said stronger investment, competitiveness and economic expansion are essential to rebuilding market trust, while acknowledging that currency movements reflect a range of domestic and international factors.

Investors remain sensitive to any indication that the government could pursue fiscal expansion while discouraging tighter monetary policy. The Bank of Japan raised its benchmark rate to 1% in June, the highest level in more than three decades, and economists expect another increase before the end of 2026 if inflation or yen weakness intensifies.

The central bank is expected to keep rates unchanged at its next policy meeting while signalling that further tightening remains possible. Its challenge is to contain import-driven inflation without weakening an economy facing demographic pressures, soft consumption and a heavy public debt load.

More than four-fifths of economists surveyed this month expect the policy rate to reach 1.25% by December. A rise could support the yen by narrowing the interest-rate gap with the United States, but it would also put upward pressure on government borrowing costs.

Long-dated government bond yields have already climbed to levels not seen for decades. Traders are demanding higher returns as the central bank reduces its dominance of the bond market and investors reassess the sustainability of fiscal policy in an inflationary environment.

Takaichi’s growth blueprint envisages about ¥370 trillion in public and private investment through 2040 across 17 strategic sectors. Artificial intelligence, semiconductors, defence, energy security and advanced manufacturing are among the areas targeted for support.

The government says the programme will raise productivity, reduce vulnerabilities in critical supply chains and lift Japan’s underlying growth rate. Critics argue that its scale and financing remain insufficiently defined, increasing the possibility of additional bond issuance or pressure for higher taxes later.

A proposed temporary suspension of the consumption tax on food has emerged as a particularly sensitive issue. The measure could ease household costs but would also reduce government revenue unless accompanied by spending cuts or alternative funding.

Political pressure is building inside the ruling Liberal Democratic Party as lawmakers consider how to reverse the erosion in public confidence. Speculation about a Cabinet reshuffle has increased, although Takaichi has given no indication that she plans to retreat from her investment-led strategy.

Her political position remains stronger than the approval figures alone suggest. The Liberal Democratic Party secured a commanding majority in the February election, giving the government substantial room to pass legislation. However, falling popularity could make lawmakers less willing to support policies seen as worsening inflation or market instability.

Foreign-exchange traders are watching whether the government steps up verbal warnings or direct intervention to support the yen. Previous interventions have produced only temporary gains when they were not backed by a sustained change in interest-rate expectations or fiscal policy.

Japan’s large pool of domestic savings and the substantial holdings of government debt by local institutions continue to provide stability. The country also possesses sizeable foreign reserves and remains a major external creditor.

Mengniu’s Chinese Culture Pavilion Debuts at the FIFA World Cup, Showcasing Chinese Culture to the World

On the pitch, a single football captures the attention of billions. Beyond the stadium, civilizations come together through cultural exchange.

The Mengniu Chinese Culture Pavilion marks the first comprehensive international presentation of Beijing Central Axis since its inscription as a UNESCO World Heritage Site and debuts at one of the world’s premier sporting events. Inspired by the architectural aesthetics of traditional Chinese architecture and the spatial order of Beijing Central Axis, the pavilion follows a symmetrical layout centered on a principal axis. At its entrance stands the monumental painting Magnificent Central Axis, offering a panoramic bird’s-eye view of Beijing’s historic Central Axis while conveying, through artistic expression, the Eastern philosophy and cultural values it embodies. As visitors explore the pavilion, football fans from around the world pause to experience its interactive exhibits, immersing themselves in the richness of Chinese traditional culture. Standing outside New York New Jersey Stadium, the pavilion continues to tell vivid, contemporary stories of China to a global audience.

Beyond Football: Mengniu Elevates Cultural Exchange on the World Cup Stage

For Mengniu, building a Chinese Culture Pavilion at this FIFA World Cup reflects a deeper understanding of the powerful connection between sport and cultural exchange. Mengniu believes that the FIFA World Cup is not only the pinnacle of football competition but also a global platform where diverse civilizations meet, connect, and learn from one another. As an Official Sponsor of the 2026 FIFA World Cup from China, Mengniu sees it as both an opportunity and a responsibility to share China’s stories and showcase the richness of Chinese civilization with audiences worldwide. This commitment extends beyond football. During the Paris Summer Olympic Games and the Milan Winter Olympic Games, Mengniu, as a Worldwide Olympic Partner (TOP), continuously hosted its signature “China Night” events, integrating Chinese culture into the narrative of the world’s most prestigious sporting competitions.

Beyond a Pavilion: Mengniu’s Multi-Dimensional Presence at the FIFA World Cup

As an Official Sponsor of the 2026 FIFA World Cup, Mengniu’s presence extends far beyond traditional brand visibility. Its participation represents a comprehensive global strategy that integrates products, brand values, and corporate social responsibility.

On the product front, Mengniu Ice Cream has officially become the Official Ice Cream of the 2026 FIFA World Cup. Mengniu Ice Cream is available at all tournament venues and has simultaneously expanded into 11 major U.S. cities, including Los Angeles and New York. By bringing world-class-quality products to international consumers, Mengniu continues to strengthen the commercial foundation for its global growth.

At the brand level, together with global brand ambassadors Lionel Messi, Kylian Mbappé, and Lamine Yamal, Mengniu brings its corporate spirit, “Born for Greatness,” to life on football’s biggest stage. The company has also partnered with Hisense to launch a series of coordinated Chinese-character pitch-side advertising campaigns during the tournament. Moving beyond individual brand promotion, the two companies present a united expression of Chinese brands, confidently demonstrating the growing global influence of Chinese enterprises.

In terms of corporate social responsibility, Mengniu not only brings Chinese culture to the international stage but also demonstrates the commitment of a responsible Chinese enterprise through meaningful public initiatives. At the opening match of this year’s FIFA World Cup, six teenage footballers from Inner Mongolia were selected by Mengniu to escort the FIFA flag onto the field, creating an inspiring example of how businesses can promote youth football development while fulfilling their social responsibilities.

From a glass of milk on store shelves to a cultural journey within the pavilion, Mengniu’s World Cup presence reflects the remarkable evolution of Chinese enterprises on the global stage. Looking ahead, Mengniu will continue to leverage the world’s premier sporting events to advance health, boost brand power, strengthen global presence, and fulfill social responsibilities, contributing the strength of China’s dairy industry to sharing China’s stories and showcasing the enduring appeal of Chinese civilization with the world.

Hashtag: #Mengniu

The issuer is solely responsible for the content of this announcement.

By Nitya Chakraborty India is hosting the 18th BRICS Summit in New Delhi on September 12 and 13 this year which carries unusual significance in the present changing landscape of the geopolitics in the Indo-Pacific as also in other parts of the world. Most importantly, Chinese President Xi Jinping and the Russian President Vladimir Putin […]

The article Narendra Modi Has A Golden Opportunity To Lead Global South At BRICS Summit appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

A Colour That Brings the Brand to Life
Watsons Evergreen is a vibrant blue-green hue that symbolises everyday vitality, care and reassurance, reflecting Watsons’ purpose of helping customers LOOK GOOD, DO GOOD, FEEL GREAT every day. As a distinctive visual identity, it creates a shared language that connects Watsons markets worldwide.

From Watsons’ logo and store design to merchandising displays, digital channels and Own Brand products, Watsons Evergreen has long been a familiar presence across customer touchpoints. The Watsons Evergreen campaign will roll out across 16 markets, including Asia, Europe and the Middle-East, through a series of customer and community activations, as well as a curated range of products, reinforcing the brand’s long-standing connection with customers and communities around the world.

Celebrating a Heritage of Trusted Care
At the heart of the initiative is a simple belief: Watsons has always been there for customers and will continue to be for generations to come.

For 185 years, Watsons has supported customers in their everyday health needs, beauty routines and wellbeing moments, whether in-store or online. Watsons Evergreen reflects this enduring relationship, serving as a symbol of consistency, trust and care in an ever-evolving world.

Jared DeGuzman, Customer Director of Watsons International, said, “For 185 years, Watsons has helped customers feel healthier, happier and more confident in their daily lives. Watsons Evergreen captures that role in a simple yet powerful way. By partnering with Pantone, we’ve transformed our iconic brand colour into a global symbol of vitality, care and wellbeing that will connect customers across every Watsons market.”

Laurie Pressman, Vice President of the Pantone Color Institute™, added, “Watsons Evergreen captures the essence of a brand that has stood the test of time while continuing to grow and evolve. It is a colour that speaks of vitality and longevity, and of a deep, lasting connection to the customers and communities Watsons has served for generations.”

As Watsons marks this milestone anniversary, Watsons Evergreen stands as both a reflection of its rich heritage and a symbol of its forward-looking vision – uniting past and future in one distinctive expression of the brand.

Hashtag: #ASWatson

The issuer is solely responsible for the content of this announcement.

About Watsons

Watsons is the leading O+O (Offline plus Online) health and beauty retailer in Asia, currently operating 8,000 stores and more than 1,500 pharmacies in 16 Asian, European and Middle-East markets.

Watsons is named as the No.1 Personal Care and Beauty retailer in Asia*, providing personalised advice and counselling in health, beauty and personal care on top of its market-leading product range, making customers LOOK GOOD, DO GOOD, FEEL GREAT every day. Watsons is the flagship health and beauty brand of AS Watson Group.

Launched in 2019, Watsons’ Asia One Pass rewards our customers with local-member privileges and enables them earn points when they shop with Watsons in ten markets in Asia including Chinese Mainland, Hong Kong, Macau, Taiwan, Singapore, Malaysia, Thailand, Indonesia, Türkiye and the Philippines.

*Campaign Asia-Pacific’s Top 50 Brands survey with 10,000 respondents across 6 Asian countries

About AS Watson Group

Established in 1841, AS Watson Group is one of the world’s longest-standing and most recognised retail companies with roots in Asia. Today, the company operates over 17,000 stores across 12 retail brands in 31 markets, employing 130,000 people globally. This makes AS Watson Group the largest international health and beauty retailer in the world.

In the fiscal year 2025, AS Watson Group reported revenue of over US$26 billion. The company’s technology-enabled O+O (Offline plus Online) platforms serve over 6 billion shoppers annually, seamlessly integrating physical and digital retail experiences.

AS Watson Group supported over 180 charitable and non-profit organisations every year, dedicating over 40,000 hours of volunteer work to serve over 370,000 people in need in our operating markets.

AS Watson Group is also a member of the world-renowned multinational conglomerate CK Hutchison Holdings Limited, which has four core businesses – ports and related services, retail, infrastructure and telecommunications in over 50 countries.

Please visit www.aswatson.com/our-company/o-and-o-strategy/ for more information.

The airlines signed a memorandum of understanding that establishes a framework for negotiating a future joint business agreement. The proposed arrangement would deepen their existing codeshare relationship and could allow closer coordination across schedules, sales, network planning and passenger services.

The partnership is expected to explore single-ticket journeys across the two carriers’ combined networks. Garuda Indonesia passengers could gain easier access to Saudia-operated destinations in the Middle East, Europe and Africa, while Saudia customers could connect through Garuda’s domestic network and services to Australia.

The carriers will examine coordinating flight schedules between Saudi Arabia and Indonesia to improve connection times and reduce lengthy transfers. They will also assess joint sales, marketing and distribution initiatives in markets where both airlines see opportunities for traffic growth.

Cooperation could extend to frequent-flyer programmes, airport services, technology systems and customer handling. The memorandum also places particular emphasis on services for Umrah and Hajj passengers travelling from Indonesia, one of the world’s largest markets for pilgrimage-related air travel.

Saudia Chief Commercial Officer Arved von zur Muehlen and Garuda Indonesia Director of Transformation Neil Raymond Mills signed the agreement. The ceremony was attended by Saudia Group Director General Ibrahim Al-Omar and Garuda Indonesia Vice President Director Thomas Sugiarto Oentoro.

Von zur Muehlen said the agreement reflected Saudia’s strategy of building commercial partnerships that strengthen its international network. He said the proposed cooperation would offer passengers greater flexibility between Indonesia, Australia and destinations served by Saudia across three regions.

Mills said the partnership carried strategic value beyond expanding flight networks. Improved access to the Middle East, Europe and Africa would support pilgrimage travel, family and community movement, business links and wider economic cooperation.

A joint business agreement would represent a deeper form of cooperation than a conventional codeshare. Codeshares allow airlines to sell seats on flights operated by a partner, while joint business structures can involve coordinated scheduling, pricing, sales and capacity planning, subject to regulatory approval.

Such arrangements allow airlines to extend their market reach without immediately adding aircraft or launching a large number of new routes. They can also improve aircraft utilisation and feed passenger traffic through major hubs. Regulators, however, generally examine these partnerships to ensure that closer coordination does not weaken competition or limit consumer choice.

The proposed partnership builds on the airlines’ membership of the SkyTeam alliance. Saudia joined SkyTeam in 2012, while Garuda Indonesia became a member in 2014. Alliance membership already supports shared passenger benefits, lounge access, priority services and frequent-flyer recognition across participating carriers.

Saudia operates from hubs including Jeddah, Riyadh, Dammam and Medina, connecting Saudi Arabia with destinations across Asia, Africa, Europe and North America. Its Jeddah hub is particularly important for religious travel because of its proximity to Makkah and its role as a gateway for pilgrims.

Garuda Indonesia’s network is centred on Jakarta and Bali, with domestic services covering major commercial centres and tourism destinations across the archipelago. Its international operations connect Indonesia with markets in Asia, the Middle East and Australia.

The agreement comes as Garuda expands commercial cooperation with overseas airlines during its continuing operational and financial restructuring. The carrier launched a codeshare partnership with Scandinavian Airlines in June, offering connections between Indonesia and Copenhagen, Stockholm and Oslo through hubs including Amsterdam and Tokyo.

Greater cooperation with Saudia could strengthen Garuda’s access to markets that are difficult to serve economically with direct flights. The arrangement could also help generate connecting traffic for domestic destinations beyond Jakarta, including cities that supply significant numbers of Umrah and Hajj travellers.

Indonesia and Saudi Arabia have sought to expand economic and transport ties alongside their strong religious and cultural links. Agreements between companies from the two countries valued at about $27 billion were announced in 2025 across sectors including clean energy, petrochemicals and aviation fuel services.