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Maroc Maroc - WN.COM - Science - 09/Sep 00:01

Alibaba leads US$100M investment in Shenzhen’s X Square Robot

AS the race for household robots heats up, Chinese humanoid startup X Square Robot announced it had secured around US$100 million in a funding round led by Alibaba Cloud. It’s the Shenzhen-based startup’s eighth round of financing since the company launched less than two years ago in December 2023, according to Chief Operating Officer Yang Qian. She said the latest deal brings total investment in X Square Robot to around 2 billion yuan (US$280 million). HongShan, formerly Sequoia Capital China, also participated in the latest funding round, along with Meituan,...

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