Moqi Intelligence Raises Over CNY 1 Billion in Angel Round Series Led by Alibaba and Tencent

Embodied AI company Moqi Intelligence has announced the completion of an angel-round financing series totaling more than CNY 1 billion, with Alibaba and Tencent participating as lead investors, according to 36Kr. The round also drew participation from more than a dozen venture firms including Photon Venture Capital. The company said the proceeds will be used to step up development of its foundation models and accelerate commercialization in application scenarios.