Wang Huiwen family office invests in AISHE Technology

Lollapalooza Capital, the family office of Meituan co-founder Wang Huiwen, has participated in the Series C financing of AISHE Technology, a Chinese company specializing in AI video generation and real-time world models. Announced on July 14, 2026, the company’s overall Series C financing reached a cumulative RMB 2.98 billion (roughly $415 million), with the latest Series C+ tranche led by Alibaba. More than ten institutions joined as follow-on investors, including Lollapalooza Capital, Ivy Capital, Huiyuan Capital, Zhongding Capital, South Korea’s Mirae Asset, the Lion X Fund under OCBC’s ecosystem, BlueFocus, CloudAlpha and iGlobe Partners. Founded in 2023 by Wang Changhu, a former director of ByteDance’s AI Lab, AISHE Technology develops multimodal large video models and world models. Its products include PixVerse for global users, with a reported user base across 177 countries, and Paiwo AI for the Chinese market. In early 2026 the company launched PixVerse R1, a general-purpose real-time world model supporting 1080P resolution, and recently demonstrated PixVerse Game, a real-time video game engine built on world model technology, at the UN AI for Good Summit.

About Lollapalooza Capital: The Wang Huiwen family office

Lollapalooza Capital is the family office of Wang Huiwen, co-founder of Meituan, China’s dominant local services and food delivery platform. Wang built Meituan alongside his longtime friend and university roommate Wang Xing, having previously co-founded the early Chinese social network Xiaonei, and served as a senior executive at Meituan until his retirement from active management in 2020. He returned to the spotlight in 2023 when he founded the AI startup Light Year (Guangnian Zhiwai) at the height of the large language model wave; the company was subsequently acquired by Meituan after Wang stepped back for health reasons. In recent years Wang has repeatedly invested in Chinese AI companies, and his participation in funding rounds is often read by the market as a personal expression of confidence in next-generation technology platforms. The investment in AISHE Technology places his family office in one of the top-tier financings of China’s AI video sector, a segment that has attracted more than RMB 10 billion in disclosed funding since 2025.

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Article Source: 36kr (21.07.2026)