Alibaba Leads $100M Funding in Humanoid Robot Startup X Square Robot

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2025-09-08 07:18:03

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Alibaba Cloud Intelligence has spearheaded a $100 million investment round in Shenzhen-based X Square Robot, marking its eighth funding since inception in December 2023. The startup has now raised approximately $280 million, with participation from HongShan, Meituan, and Legend Capital. Revenue streams already FLOW from educational institutions, hospitality, and eldercare sectors.

The humanoid robotics market is poised for explosive growth. Goldman Sachs projects the sector could balloon from $3 billion in 2023 to $38 billion by 2035, while Morgan Stanley anticipates even steeper acceleration. X Square Robot's COO Yang Qian confirmed IPO preparations for 2025, with cross-border expansion talks underway in Japan and Singapore.

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