Shengshu Technology CEO Tang Jiayu (Image credit: Photo by TMTPost App Editor)

TMTPOST – Shengshu Technology, an AI video company, has appointed Luo Yihang, a former AI executive at ByteDance and head of the AI unit at Volcano Engine, as its new CEO.

Luo will oversee the company's research and development, product innovation, commercialization, and team management.

Shengshu Technology says Luo's appointment will bring valuable commercialization expertise and industry connections, marking a pivotal moment for the AI video sector as it advances toward broader market adoption.

Meanwhile, Tang Jiayu, the co-founder and former CEO of Shengshu Technology, will transition to the role of president, focusing on strategic development, branding, finance, and administration.

The company has made significant strides in AI-driven video generation, particularly with its flagship model, Vidu. Launched in April 2024, Vidu became China's first domestically developed long-duration, high-consistency, high-dynamic video model, directly benchmarking against OpenAI's Sora.

In next few months, it garnered global recognition by breaking new ground in multi-agent consistency functionality. The latest iteration, Vidu 2.0, introduced in January 2025, reduced video generation times to under 10 seconds while cutting costs significantly, making high-quality AI-generated video more accessible.

In April 2024, Shengsheng Technology completed a Pre-A round of financing of millions of dollars. The round was led by Baidu and the Beijing Artificial Intelligence Industry Investment Fund, with follow-on investments from ZGC Science City Co., Ltd. and Qiming Venture Partners.

The company had previously received investments from Ant Group, BV Baidu Ventures, G&O Capital, among others, which valued it at $100 million upon the completion of the first financing round.

With Luo at the helm, Shengshu Technology aims to accelerate its commercialization efforts, expand Vidu's applications across industries such as film, animation, advertising, and gaming, and strengthen its position in global AI video innovation.