Xpeng says its robotics business raised over $900 million in first funding round
24/08/2026 10:24
Xpeng says its robotics business raised over $900 million in first funding round BEIJING, Aug 24 (Reuters) - China's Xpeng said on Monday its robotics business raised over $900 million in its first funding round, led by IDG and Gaorong Ventures and with Tencent 0700.HK and Alibaba 9988.HK as strategic investors.
Xpeng's robotics business's valuation would exceed $6.3 billion after the funding round, the company said in a statement.
(Reporting by Xiuhao Chen, Yukun Zhang and Ryan Woo; Editing by Susan Fenton)
Recent news on Alibaba Holding
See all newsGlobal Markets: Stocks drop as Meta dampens AI optimism; Treasury yields fall
Global Markets: Stocks fall as Meta dents AI optimism; French bonds under fire
Global Markets: Stocks fall, bonds gain as Meta dents tech optimism
Global Markets: Asian stocks sink to 3-month low on tech angst, Gulf tensions
Brief: Tesla teams up with Alipay on in-car assistant project, state-backed media reports