Ant Group robotics unit Lingbo opens its first funding round, targets 1.5 billion yuan

Ant Group’s (HK: 6688) Lingbo Technologies recently started its first external funding round, aiming to raise 1.5 billion yuan ($206 million).  The company intends to hold a second funding round before the end of 2026, which would make it the fastest funding round of any startup in China’s robot-brain sector.  Why is Lingbo focusing on...