Shares of Chinese media and AI companies surged following ByteDance’s launch of Seedance 2.0, an advanced video-generation model that drew favorable analyst reviews for its high-quality content. COL Group Co. hit its 20% daily trading limit, while Shanghai Film Co. and Perfect World Co. each rose approximately 10%. The benchmark CSI 300 Index increased by 1.4%, reflecting a renewed investor enthusiasm for domestic AI technologies. Seedance 2.0’s rollout signifies a pivotal moment for AI in film and television, as highlighted by Kaiyuan Securities analysts who noted the app’s impressive performance with text, image, video, and audio inputs. Companies with strong intellectual property and traffic are poised to benefit significantly. The trend aligns with a growing interest in innovative “killer apps” in China, as evidenced by Kuaishou Technology’s successful AI tool, Kling, which recently became the top-grossing graphics application in South Korea and Russia.
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