VACE (Video All-in-One Creation and Editing) is a multi-functional video creation and editing model developed by the Tongyi Lab team. It provides video generation and editing solutions through a single model, effectively simplifying the user workflow and unleashing unlimited creativity. The core technology of VACE lies in its powerful multi-modal generation capabilities, which can realize various functions such as object movement, replacement, referencing, expansion, and animation, bringing unprecedented flexibility and efficiency to video creation. The emergence of VACE fills the gap in the video creation field for a fully integrated, all-in-one model, providing strong tool support for video creators, advertising production teams, post-production personnel, etc., and is expected to promote technological innovation in the video content creation industry.