Shanghai-based Moqi Intelligence, a developer of embodied AI robots, recently added Hangzhou Haoyue Enterprise Management as a shareholder in a business registration update, according to Qichacha.

The filing also showed its registered capital rose to 1.5 million yuan (US$224,000).

Public information cited by the corporate database said Moqi Intelligence focuses on the research and development of embodied intelligent robots.

The update suggests Alibaba-linked interest in the sector.

Hangzhou Haoyue has been described as Alibaba-affiliated in relation to YTO Express, while Alibaba has also led an investment in another embodied AI startup.

The change also comes amid a wider financing boom in China’s embodied AI robotics sector.

🔗 Source: Security Times