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Today's Brief/Wednesday, 8 July 2026/๐Ÿ“ˆ Stocks & Economy
๐Ÿ“ˆ Stocks & Economy๐ŸŒ Global

Ant Group Makes 12 Bets on Humanoid Robots in 18 Months, Latest Deal Worth $73 Million

CNBCยทWednesday, 8 July 2026
Ant Group Makes 12 Bets on Humanoid Robots in 18 Months, Latest Deal Worth $73 Million

Ant Group, the financial affiliate of Alibaba, has rushed into the humanoid robotics sector by striking a dozen deals in 18 months. Its latest move was leading a 500 million yuan ($73.59 million) funding round in humanoid robotics company Zeroth. The push signals a major shift for a company best known for payments and fintech.

Why It Matters

China's aggressive push into humanoid robotics raises the stakes for global competition in automation, a sector where India is also trying to build capability.

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