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