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JD.com has spearheaded a Series A funding round for PaXini Tech, marking the multinational online retailer’s sixth investment in robotics within the past two months, highlighting its dedication to embodied intelligence technology.
In just the last four months, PaXini has secured over 1 billion CNY (approximately $139.1 million USD), the Shenzhen-based company announced today.
China’s robotics industry is experiencing rapid growth, with major players like JD.com, Alibaba, and Meituan vying for larger market shares. Since May, JD.com, headquartered in Beijing, has announced investments in five additional robotics companies: AgiBot, Spirit AI, EngineAI Robotics, LimX Dynamics, and RoboScience.
Investing in embodied intelligence is viewed as a long-term strategic move that will offer a wide array of advantages for JD.com, said He Xiaodong, Senior Vice President and Deputy Managing Director of JD AI Research, in a recent interview.
The latest funding round also attracted new backers such as Puxin Capital and XGD, a developer of payment terminals. It also saw increased support from existing investors including TCL Capital—the investment division of TCL Corporation—and Addor Capital.
Founded in 2021, PaXini specializes in developing high-precision, multi-dimensional tactile sensors and humanoid robot systems. Its founder and CEO, Xu Jincheng, studied under renowned roboticist Shigeki Sugano at Waseda University in Tokyo.
The company has introduced innovative products like the Tora-One humanoid robot and the DexH1, a dexterous robotic hand capable of mimicking human movements. Additionally, it has established a data center dedicated to embodied intelligence in Tianjin, China.
Previous investors include established firms such as BAIC Group, SAIC Motor, and TCL. Major investor BYD owns a 13.4% stake in the company.
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