Hitems, a creative items community under Shumeiwuwu Company founded by Ren Lifeng, a former Douyin employee, recently received tens of millions of US dollars in Pre-A round financing, with a valuation of US$150 million. Meituan Longzhu led the investment, Jinqiu Fund followed, and Sequoia China and IDG Capital continued to invest. The Hitems platform uses generative artificial intelligence technology to help designers and creators quickly transform ideas into actual products. Users can generate high-fidelity item drawings through keywords, pictures or hand drawings, and use self-developed AI 3D modeling technology and The mature supply chain enables rapid production and forms an active creative exchange community. This round of financing will help Hitems increase investment in technology research and development and talent introduction, and further expand the market.
According to media reports, Hitems, a creative items community founded by Ren Lifeng, one of the founding members of Douyin, recently successfully completed tens of millions of dollars in Pre-A round financing. The leading parties in the financing were Meituan Longzhu, Jin Qiu Fund participated in the follow-up investment, and old shareholders Sequoia China and IDG Capital also actively followed up. After this financing, the valuation of Shumeiwuwu Company reaches approximately US$150 million, which marks the further expansion and development of Hitems in the market.
Shumeiwuwu Company was founded by Ren Lifeng, the early product leader of Douyin. He was transferred to the position of President of Xigua Video in 2020 and proposed the concept of "China Video", which profoundly affected the entire industry. In 2023, Ren Lifeng left ByteDance and began to explore VR hardware. Finally, in early 2024, he established Shumeiwuwu Company and launched the Hitems creative items community.
Hitems is a platform based on generative artificial intelligence (GenAI) technology, designed to help designers and creators quickly transform their creative inspiration into actual products. Users can generate high-fidelity item images through simple keyword descriptions, pictures, or even hand-drawn sketches. In addition, Hitems also relies on self-developed commodity-level AI3D modeling technology and a mature supply chain to quickly put creative items into production, truly realizing the rapid conversion from ideas to commodities.
In Hitems' community, users can not only share their own ideas and browse other people's works, but also interact and communicate, and even purchase other users' creative products.
With the success of this financing, Hitems will continue to invest more in technology, look for outstanding talents in the field of GenAI, and work on applying 3D generative models to production and community scenarios.
Highlight:
Hitems completed tens of millions of US dollars in Pre-A round financing, with a valuation reaching US$150 million.
Users can quickly transform ideas into products through the platform, forming an active creative exchange community.
The company plans to increase technology investment, promote the application of GenAI and 3D models, and expand market space.
Hitems’ successful financing and its innovative business model indicate the huge potential of GenAI technology in the creative industry, and its future development is worth looking forward to. Its empowerment of designers and creators and its innovative role in the creative industry will become the focus of the industry.