New Bet on Human-like Robots
Ant Group, a subsidiary of Alibaba, is intensifying its investments in humanoid robots, having completed 12 deals since the beginning of 2025. These include investments in startups such as Zeroith, which received 500 million yuan ($73.58 million) in funding and is developing companion robots for eldercare and pets. The company has received purchase orders for more than 30,000 units and achieved a 600% increase in revenue in the first half of the year. It plans to begin international sales in North America and Europe this fall. These efforts come as part of Ant Group's expansion into the field, despite its initial public offering being halted in 2020.
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