July 2 news – Kunlun Wanwei just announced that its Tiangong AI has hit a huge milestone: as of the second quarter of 2026, the annual recurring revenue (ARR) from its AI native models and product business has already soared past the $800 million mark. Here’s the breakdown: the AI short drama platform alone pulls in over $700 million in ARR, while the AI tools business has cracked $100 million.