07:14 AM EDT, 09/08/2025 (MT Newswires) -- Alibaba's ( BABA ) cloud unit led a 1 billion Chinese renminbi ($140.2 million) funding round for X Square Robot, Bloomberg reported Monday, citing a statement from the Chinese robotics startup.

X Square Robot also said it plans to spend $53 billion on AI infrastructure over three years, the report said.

State-backed CAS Investment Management, HSG and existing backers Meituan and Legend Star are also contributing to the funding round, the report said.

Alibaba ( BABA ) and X Square Robot did not immediately reply to MT Newswires' request for comment.

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