According to exclusive news from Blue Whale News, Luying Technology (Avolution.ai), an AI video startup, is reportedly being acquired by prominent AI company MiniMax. Multiple sources revealed that both parties have reached a preliminary agreement on the acquisition, and relevant procedures are underway. As of press time, MiniMax has not responded to this news. Luying Technology's valuation during its Angel round financing in 2024 was reportedly around 100 million RMB, less than 20 million USD. Sources say Luying Technology has been seeking a second round of funding since last year.
