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Vast Becomes China’s Latest AI Unicorn as 3D Creation Enters the Investment Spotlight

By Rebecca Hsu on June 1, 2026 1:11 pm |

Asia Market, Asia News and Science & Technology

Beijing, 1 June 2026 – China’s artificial intelligence race is moving beyond chatbots and large-language models into the three-dimensional world, with Beijing-based Vast becoming the country’s latest AI unicorn after raising nearly US$200 million from investors.

The startup, best known for its Tripo AI platform, has reached a valuation of more than US$1 billion, marking a significant milestone for China’s fast-growing generative 3D sector. Founded by 29-year-old entrepreneur Simon Song, Vast is building tools that allow users to turn text and image prompts into detailed 3D models, cutting down what has traditionally been a complex, time-consuming and highly specialised production process.

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Author

  • Rebecca Hsu is a Senior Economist and Lead Analyst for The Ledger Asia, focusing on the rapidly evolving financial landscapes of East and Southeast Asia. With a background in sovereign risk assessment and emerging market trends, Rebecca provides sharp commentary on trade dynamics, monetary policy, and the digital economy's impact on regional growth.

    Formerly a strategic advisor for major financial institutions in Hong Kong, she excels at translating complex macroeconomic shifts into actionable insights for investors and policymakers. Her work at The Ledger Asia centers on China’s economic transition and the burgeoning manufacturing hubs of ASEAN, ensuring readers stay ahead of Asia’s shifting financial tides.

Published in Asia Market, Asia News and Science & Technology

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