Alibaba Cloud Leads $140 Million Round for X Square in Embodied AI Push
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The Quanta 2 humanoid robot by X Square on display at the 2025 World Robot Conference in Beijing, Aug. 9, 2025. Photo: VCG
Chinese humanoid robot developer X Square Robot said Monday it has raised nearly 1 billion yuan ($140 million) in a funding round led by Alibaba Cloud, marking the Alibaba unit’s first foray into the fast-emerging field of embodied artificial intelligence.
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd., will offer “multifaceted support” to X Square, the Shenzhen-based startup said. Other investors include CAS Investment, China Development Bank Capital, and Hongshan Capital Group. Existing backers Meituan and Legend Capital also participated.
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What Happened When
- Late 2023：
- X Square was founded.
- By May 2025：
- X Square had raised over 1 billion yuan across seven funding rounds.
- August 2025：
- X Square launched its Quanta X2, a dual-arm, wheeled humanoid robot.
- August 2025：
- UBTECH Robotics secured a $1 billion credit line from a Hong Kong investment firm.
- September 1, 2025：
- AI² Robotics announced its seventh funding round in six months.
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