Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG and Gaorong Ventures at a $6.3B valuation, with Tencent and Alibaba participating (Reuters)

XPeng announced that its robotics division secured more than $900 million in financing, led by IDG Capital and Gaorong Ventures, valuing the unit at $6.3 billion. The round also included participation from Tencent and Alibaba, underscoring major Chinese tech firms’ confidence in XPeng’s autonomous-robotics ambitions.