According to media reports, Hitems, a creative product community founded by Ren Lifeng, one of the founding members of Douyin, has recently successfully completed a Pre-A round financing of tens of millions of dollars. The lead investor in this financing round is Meituan Longzhu, with Jinqiu Fund participating in the follow-up investment. Existing shareholders Sequoia China and IDG Capital have also actively followed up. After this financing, the valuation of Shumei Wanshu Company has reached approximately $150 million, marking further expansion and development of Hitems in the market.
Shumei Wanshu Company was founded by Ren Lifeng, who was an early product leader at Douyin. He was appointed president of Xigua Video in 2020 and proposed the concept of "mid-video," which had a profound impact on the entire industry. In 2023, Ren Lifeng left ByteDance to explore VR hardware, ultimately founding Shumei Wanshu Company in early 2024 and launching the Hitems creative product community.
Hitems is a platform based on generative artificial intelligence (GenAI) technology, designed to help designers and creators quickly transform their creative ideas into actual products. Users can generate high-fidelity product images through simple keyword descriptions, images, or even hand-drawn sketches. Additionally, Hitems leverages its proprietary product-grade AI 3D modeling technology, combined with a mature supply chain, to swiftly bring creative products into production, truly achieving rapid conversion from idea to product.
In the Hitems community, users can not only share their own ideas and browse others' works but also interact and communicate, and even purchase creative products from other users. This model makes Hitems an active and creative social platform, as if turning the fairy tale of "Magic Brush Ma Liang" into reality.
With the success of this financing, Hitems will continue to increase its investment in technology, seek outstanding talent in the GenAI field, and focus on applying 3D generative models in production and community scenarios.
Key Points:
💰 Hitems completes tens of millions of dollars in Pre-A round financing, with a valuation of $150 million.
🛍️ Users can quickly transform their ideas into products through the platform, forming an active creative exchange community.
🚀 The company plans to increase technological investment, promote the application of GenAI and 3D models, and expand market space.
