Chinese Startup X Square Robot Hits 20 Billion Yuan Valuation

X Square Robot has completed four funding rounds, joining a growing cohort of Chinese embodied artificial intelligence startups that have reached a post-investment valuation of more than 20 billion yuan ($2.9 billion), the company told Caixin.

The milestone underscores growing investor interest in embodied AI that has captured the imagination of the tech world as China has an obvious advantage in robot hardware supply chain.