X Square Robot reaches a $2.8B valuation with China’s internet giants onboard. The core facts are straightforward: The Shenzhen robotics company closed four consecutive rounds, with IDG leading the Series C and valuation reaching roughly RMB 20 billion.
The second layer is where the story becomes more important: Meituan, Alibaba, ByteDance and Xiaomi have each led or backed different rounds, an unusual convergence in China’s embodied-AI race.
What matters next is execution. Its WALL-B foundation model, WALL-OSS-0.5 and home-service pilots with 58.com are meant to turn lab demos into deployable household robots.
Sources: CocoLoop and public reports cited in the original article