$1B run rate. $5.4B valuation. 35 AI models. 113K+ Qwen derivatives
That’s the scale behind one of the most interesting AI trends right now: Asian AI technology is increasingly being packaged, distributed and monetized globally.
Higgsfield says it passed a $1B annualized revenue run rate after raising $400M at a $5.4B valuation. Its platform sits on top of roughly 35 models, including Seedance, Kling, MiniMax and Alibaba Wan.
Qwen now has 113K+ derivative models on Hugging Face, while Kling reportedly reached around $500M ARR, with most revenue coming from outside China.
That’s why
$RYET is interesting to me.
Ruanyun/Formind is a Nasdaq-listed Chinese AI + education company trying to bring Asian technology into international markets. HanLink is being piloted through Columbia University’s Teachers College, while YeeZo is being built as a multi-model AIGC platform for universities.
And the company’s own numbers are starting to move too: preliminary H1 FY2027 revenue is expected at $9.3M-$9.5M, versus $7.48M for all of FY2026.
Different scale. Same bigger trend:
Asian AI is moving global, and
$RYET sits directly inside that story.