Alibaba and Tencent Invest Over 1 Billion Yuan in Morphi: What's Behind Their Bet?
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- leaderobot.com
Morphi, a company focused on embodied intelligence, has successfully raised over 1 billion yuan in angel funding, resulting in a post-investment valuation that surpasses 7 billion yuan. This funding round sets a new record for first-round financing within China's embodied intelligence sector. Notably, tech giants Alibaba and Tencent have made their fourth joint investment in this area, indicating a strategic pivot towards early-stage investments as they aim to leverage emerging technologies and talent.
Original report
Alibaba and Tencent Invest Over 1 Billion Yuan in Morphi: What's Behind Their Bet?
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