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Chinese robotics startup Dexmal is in talks to raise fresh funding at a valuation of approximately 20 billion yuan, roughly $3 billion, following previous rounds led by Alibaba and NIO Capital as investor appetite for Chinese embodied AI companies reaches new intensity in 2026.
LimX Dynamics has confidentially filed for a Hong Kong IPO targeting several hundred million dollars, working with Citic Securities, as the Alibaba-backed humanoid robot maker follows its $200 million pre-IPO round with a public listing push amid a record year for Hong Kong technology offerings.
Alibaba has introduced the Qwen Robot Suite, its first family of AI models for physical robotics, comprising three interconnected systems for navigation, manipulation, and world modeling, already in pilot testing with Alibaba Cloud enterprise clients.
Alibaba has unveiled RynnBrain, an artificial intelligence model designed to help robots understand and interact with the physical world, marking the company’s latest move into physical AI and embodied robotics.
