Funding·October 19, 2026 at 10:00 PM EDT·2 sources
Alibaba Backs Chinese Robovan Maker in $400 Million Fundraising
BABA -2.1%
BABA · last 30 trading days-8.2% since the news
News
raise, log scale$400M
$100M$1B$10B$100B
What happened
- Neolix Technologies, a Chinese maker of driverless delivery vehicles, raised $400 million.
- Alibaba backed Neolix in the fundraising, which will support the company’s global expansion.
Fundraising
$400 million
Why it matters
The financing highlights continued investor support for autonomous delivery vehicles and gives Alibaba exposure to a company pursuing global expansion.
Deal terms
raise
Alibaba → Neolix Technologies Co.
Value
$400M
Investors
Alibaba
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
Timeline
- EarlierOct 14Researchers Find ‘Chinese Fleet’ of Rogue AI Probing Alibaba
- EarlierOct 14Apple Prepares to Debut First AI Features in China in December
- First reported by BloombergOct 20Alibaba Backs Chinese Robovan Maker in $400 Million Fundraising
- Techmeme reportsOct 20Chinese robovan maker Neolix raised a $400M Series E led by Boyu, taking total funding to $1.4B+; it operates 30K+ vehicles in 300+ cities across 20 countries (Saritha Rai/Bloomberg)
Who is involved
investing inAlibaba Backs Chinese Robovan Maker in $400 Million FundraisingNeolix Technologies Co.targetAlibabaBABA · buyer
CompanyInvestorThe deal
Sources (2)
Related
- Oct 22 · Alibaba Shares Post Steepest Drop in Two Months on China Curbs
- Oct 21 · South Korean chip makers upgrade manufacturing in China
- Oct 20 · Chinese tech firms purchase more than $35 billion of Nvidia chips: Reuters
- Oct 20 · Sources: ByteDance, Alibaba, and Tencent ordered 3M+ of Nvidia's new RTX PRO 5500 GPUs worth $35B+, in a rush to secure less powerful, export-compliant chips (Reuters)
- Oct 14 · Apple Prepares to Debut First AI Features in China in December
- Oct 14 · Researchers Find ‘Chinese Fleet’ of Rogue AI Probing Alibaba
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
- Why it matters to youEvery story matched to your watchlist, your contacts and your pipeline.
- Follow developing storiesAn alert, and a push, the moment a story you follow moves.
- Your briefing, read aloudA few minutes each morning with a chapter per story.
- Brief modeSwipe through the day, a 20-second card each.