AI-powered interactive content community Loopit raises $100 million in funding.

Loopit, an AI-powered interactive content community, has completed a new round of financing of $50 million, led by Garena, a leading global mobile game developer, with participation from BlueRun Ventures and other institutions. This brings its total financing this year to nearly $100 million. Founded by Chen Weipeng, former co-founder of BaiChuan Intelligent, Loopit reached number 8 on the Google Play global charts and number 1 on the entertainment charts within two months of its launch, earning praise from Elon Musk.