Ant Group (BABA) Invests $73.58 Million in Humanoid Robotics
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowAnt Group (BABA) has led a funding round of 500 million yuan ($73.58 million) into humanoid robotics company Zeroth, marking the 12th investment by Ant in this sector since early 2025. Zeroth plans to develop companionship robots for elderly care and children's education, with more than 30,000 orders received. The company's operating revenue surged 600% year-over-year in the first half. The pre-Series A funding brings Zeroth’s total capital raised to 1 billion yuan, as Ant diversifies its investments post-2020 IPO halt.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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