---
title: "Company | Go-Global Monthly No.02 — Pika’s ~$55M, HeyGen’s $5.6M, TikTok’s Indonesia Return, 1688 Eyes Korea"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2023-12-18T16:30:00+08:00"
canonical: "https://ffcap.cn/en/research/20231218a06axe00"
source: "https://ffcap.cn/en/research/20231218a06axe00"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20231218A06AXE00"
---

# Company | Go-Global Monthly No.02 — Pika’s ~$55M, HeyGen’s $5.6M, TikTok’s Indonesia Return, 1688 Eyes Korea

_Unique Research · Company / go-global monthly · December 18, 2023 · Column: Go-Global Monthly No.02_

## November go-global martech financing

### Jirui Tech — multi-tens-of-millions USD Series B led by Shunwei

AI startup **Jirui Tech (极睿科技)** closed a multi-tens-of-millions USD **Series B** led by **Shunwei Capital**. Prior: RMB 100M+ Series A from Sequoia China and Turing Ventures; multi-tens-of-millions RMB Pre-A from GSR Ventures and Magic Quantity. Founded **2017**, Jirui positions as an “AI e-commerce full-link content factory” with AIFashion open platform, ECPro intelligent ops, PIM apparel planning, apparel detection, attribute recognition, fashion styling KG, and marketing-copy generation. Customers include Handu Yishe, Yishion, JNBY, JD, Xiaohongshu, Xiaomi, and Yiyi San.

### Kingdee — ~$200M strategic investment from Qatar Investment Authority

On **10 December**, Kingdee International said QIA subsidiary **Al-Rayyan Holding LLC** will subscribe ~**155 million** new shares (~**4.26%** enlarged) at **HK$10.1** (~2.7% discount to prior Friday close HK$10.38), raising ~**HK$1.562B** — about **$200M**, the largest single Middle East fund check into a Chinese software firm. Kingdee (30 years, Shenzhen HQ) serves **7.4M+** enterprises/governments; cloud subscription is ~80% of revenue. QIA (~$500B AUM, world’s 9th SWF) is a long-horizon holder (Twitter, Microsoft, etc.) tracking Chinese software subscription quality.

### HeyGen — $5.6M more; near-instant avatar generator

Los Angeles **HeyGen** raised **$5.6M** led by Sarah Guo’s **Conviction Partners** at a **$75M** valuation; Guo replaces HongShan (ex-Sequoia China) on the board as HeyGen distances from China origins. ~30 employees; diffusion-based video models plus OpenAI/Anthropic LLMs and ElevenLabs audio.

### Pika — $55M + Pika 1.0

On **28 November**, **Pika** (founded April; 4 FTEs; Demi Guo & Chenlin Meng, Stanford) raised **$55M** led by Lightspeed with Homebrew, Conviction, SV Angel. Pika 1.0 edits/generates video from captions and stills across 3D/anime/cinematic styles; free for now; consumer tiers may come later.

### CreativeFitting — multi-million USD Pre-A

On **20 November**, **CreativeFitting (井英科技)** closed a multi-million USD Pre-A from **Linear Capital (九合)** and Zhonglin Capital. Founded 2021; foreign “real-person” short-video production platform with charting AI ads and hundreds of go-global / local logos; 2023 model breakthroughs drove AI short-drama clips past millions of social views.

## November industry moves

**Alibaba.com** completed acquisition of European B2B platform **Visable** (14 Nov) after doubling down on SEA — dual-brand Europe ops; Visable keeps independent ops (WLW since 1932 DE/AT/CH; Europages since 1982). Alibaba international commercial retail +41% QoQ in FY2023 Q4 to RMB **13.967B**; Lazada/AliExpress/Trendyol/Daraz orders +15% YoY.

**Airwallex** partnered with Korea’s **Coupang** for cross-border payouts. Korea cross-border e-comm hit **$3.62B** through 2023 Q3 (+20.4% YoY); China ranked #1 among inbound markets with transaction value +**106%**.

**TikTok × GoTo** (11 Dec): previously banned TikTok Shop Indonesia merges with Tokopedia; TikTok takes **75%** of the new entity and commits **$1.5B** over coming years; commerce relaunches 12 Dec.

**Cainiao × AliExpress** opened Shenzhen–Mexico City freighter (6 Dec) — first Shenzhen Bao’an→Mexico cargo lane; ~6h unload/pull/break-down, 24h customs, last-mile handoff; Mexico consumers can get China parcels in as little as **10 days**.

**1688** plans a Korea platform with local partners in **February** (API, Korean UI/search, local payments) — Korean B2B buyers today pay overseas sourcing agents **3–10%** commissions.

**AliExpress** reportedly considering ≥5 large Korea logistics centers under long leases; details may surface at a Seoul press event next month after heavy 2023 spend on delivery speed and promotions.

## Policy — Vietnam global minimum tax

From **1 January 2024** Vietnam applies a **15%** global minimum CIT (OECD BEPS support from 140+ countries for MNCs with >€750M global turnover). Prior headline rate 20% could fall to ~10% with holidays/rebates; ~122 foreign investors may be affected; MoF estimates ~VND **14.6T** (~$601M) extra annual revenue.

## Unique Partner note

At EqualOcean GGF2023 (7–8 Dec, Shanghai), Unique Capital won **2023 Top-10 FA for Go-Global** — continuing focus as China’s specialized globalization × AI industry bank into 2024.

_14 CN images; attach on ingest. Edit (CN): Yanjia; review: Qiuping._

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20231218a06axe00
On-site reading page: https://ffcap.cn/en/research/20231218a06axe00