Alibaba-Backed Robot Firm Seeks $3 Billion Value in New Funding

Markets Deals Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Bloomberg News August 21, 2026 at 5:31 AM UTC Chinese robotics startup Dexmal is seeking a valuation of around 20 billion yuan ($3 billion) in an ongoing funding round, demonstrating strong investor interest in the country’s firms chasing a breakthrough in physical artificial intelligence. The talks are ongoing and follow a previous round that included Chinese AI lab Z.AI Co. , also known as Zhipu, Dexmal founder Tang Wenbin told Bloomberg News in an interview at the World Robot Conference in Beijing. The fundraising comes after rounds that were led by Chinese e-commerce giant-turned-AI player Alibaba Group Holding Ltd. and NIO Capital late last year, the company said.