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Today's Brief/Tuesday, 7 July 2026/๐Ÿ“ˆ Stocks & Economy
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Ant Group Rushes Into Humanoid Robots With a Dozen Deals in 18 Months

CNBCยทTuesday, 7 July 2026
Ant Group Rushes Into Humanoid Robots With a Dozen Deals in 18 Months

Ant Group, the fintech affiliate of Alibaba, has made around 12 deals in the humanoid robotics space over the last 18 months. Its latest move was leading a 500 million yuan ($73.59 million) funding round in humanoid robotics company Zeroth. The flurry of deals signals a major Chinese tech push into AI-powered physical robots.

Why It Matters

China's aggressive bet on humanoid robots will intensify global competition in a sector where India is also trying to build capabilities, and could reshape global manufacturing supply chains that India is trying to capture.

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