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Alibaba Preps Entry Into China's Crowded Robotics Market With Four-Legged Bot
Alibaba Group Holding Ltd. (NYSE:BABA) is preparing to enter the robotics market with a four-legged machine, positioning itself alongside rising Chinese players and intensifying competition in an emerging but still unproven sector. The stock gained on Tuesday.
Amap Drives Alibaba's Robotics Entry
Alibaba's Amap unit is developing a quadruped robot and plans to launch its first model soon. The company confirmed it is actively building hardware products in embodied intelligence, including both four-legged and humanoid robots, signaling a broader push beyond software into physical AI systems, Bloomberg reported on Tuesday.
Competition Heats Up In Crowded Field
Alibaba is stepping into a space already populated by rivals such as Unitree Robotics and Agibot, as well as its affiliate, Ant Group. These companies are racing to compete with global players such as Tesla Inc. (NASDAQ:TSLA), even as long-term demand for such robots remains uncertain.
Humanoid Ambitions And Rising Investment
Alibaba is also exploring humanoid robots, a category gaining traction among Chinese consumers and attracting strong investor interest. Capital is flowing into the sector, boosting companies ...
Source: Benzinga