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International Business Times
International Business Times
Business
Matias Civita

Alibaba's Ant Group Started Investing in Humanoid Robots Last Year. They've Made A Dozen Deals Since And Bet It's The Future.

Ant Alibaba Ant Group Robots Alipay United States
The operator of the Alipay mobile payments platform led a 500 million yuan ($73.58 million) pre-Series A investment in Zeroth Robotics, the startup announced Thursday. (Credit: Anthony Wallace/AFP via Getty Images)

Alibaba affiliate Ant Group is accelerating its push into humanoid robotics, leading a new $73.6 million funding round for Chinese startup Zeroth, making it the twelfth company in the sector it has invested in over the past 18 months.

The operator of the Alipay mobile payments platform led a 500 million yuan ($73.58 million) pre-Series A investment in Zeroth Robotics, the startup announced Thursday. The funding round also included Monolith, Geely Capital, 37 Interactive Entertainment, and Hua Capital, bringing Zeroth's total fundraising to 1 billion yuan.

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