X Square Robot, a Shenzhen-based humanoid robotics developer, has raised the equivalent of between $100 million and $140 million in its latest financing round, according to multiple reports.
Alibaba Cloud, the artificial intelligence and cloud computing arm of Alibaba Group, led the round, which the South China Morning Post reported as a 1 billion yuan (about $140 million) Series A+ investment. CNBC, meanwhile, cited the figure as $100 million.
Other backers include CAS Investment, China Development Bank Capital, HongShan Capital Group, Meituan, and Legend Capital. The deal marks Alibaba Cloud’s first direct investment in the field of embodied intelligence. [Read more…] about Alibaba leads $140 million funding round in Chinese humanoid robot start-up X Square Robot