Monday, 8 September, 2025
Alibaba Co-leads $140M Series A+ in X Square Robot
Alibaba’s cloud division co-led a $140 million Series A+ funding in Shenzhen–based X Square Robot, doubling its total capital raised to around ¥2 billion (~$280 million) since launching in 2023. The investment by Alibaba Cloud and state-backed CAS, alongside Meituan, Legend Star, and others, underpins X Square’s focus on developing an open-source embodied AI model.
Read full story at Economic Times