Chinese independent business
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Caixin Global · China · Two Shenzhen embodied-AI robotics startups hit ~US$2.8bn valuations on the same day, funded by China's tech giants
Independent Chinese business coverage of X Square Robot reaching a RMB 20bn valuation, detailing the four-giant backer roster and the domestic-strategic, rather than Western-VC, character of the round.
“Chinese startup X Square Robot hits 20 billion yuan valuation.”