AI invades Hengdian! Volcano Engine secures a 230 million yuan mega order

What happened: A consortium of Dongyang Shenkong Engine and Volcano Engine won a 230 million yuan bid for the Hengdian film and TV AI service platform project, per the Dongyang public resource trading center. Key numbers: Total bid 230 million yuan, of which computing power leasing 27 million yuan and other quotes 203 million yuan. Why it matters: The project builds a Hengdian film and TV large model spanning script, storyboard, digital characters and VFX. Volcano Engine also won a Beijing Radio and Television Seedance token procurement project for 3 million yuan.

Volcano Engine's 230 million yuan AI order signals major tech sector catalyst.

Volcano Engine's 230 million yuan AI order signals major tech sector catalyst. — impact context not separately stored; see What changed.