✉news BusinessStartups first seen 19 h ago, last 12 h ago, peak #6
Alibaba and China Mobile back Tsinghua space-robot startup Xianyin
Original: Alibaba, China Mobile back Tsinghua space-robot startup Xianyin's Series A
Xianyin, a space-robotics startup spun out of Tsinghua University, has raised a Series A funding round with backing from Alibaba and China Mobile. The investment signals growing corporate interest in China's commercial space and robotics sectors, with major tech and telecom players moving into the field.
Why now: Major Chinese corporations investing in a university spinout working on space robotics highlights the rapid growth of China's commercial space sector.
XianyinAlibabaChina MobileTsinghua University
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