Market Chatter: Alibaba's Ant Group-Backed Linkerbot to Eye $6 Billion Valuation in Next Funding Round

MT Newswires Live

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Alibaba (BABA) unit Ant Group-backed Chinese robotics startup Linkerbot will seek a $6 billion valuation in its next funding round, Reuters reported Monday, citing Linkerbot.

Last week, Linkerbot closed a "series B+" funding round that valued the Beijing-based firm at $3 billion, according to the report.

Apart from Ant Group, Linkerbot counts Sequoia spin-off HongShan Group among its prominent early backers, the news agency reported.

Alibaba and Ant Group didn't immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}