ByteDance's cloud arm Volcano Engine reported 4.8 billion yuan in model-as-a-service revenue for the first half of 2026, with gross margins above 55%. It sits second in China's fast-growing enterprise MaaS market, behind SenseTime.
ByteDance's Volcano Engine has released Seedance 2.5 4K, a video generation model that lets users test storyboards in 480P before rendering final 4K clips. It is currently limited to select enterprise customers, with wider access expected later.
Hengdian, China's largest film-production base, has awarded a 235 million yuan contract to a ByteDance-linked consortium to build an AI filmmaking platform, as studio activity in the town slows.
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