Ant Group Enters Humanoid Robot Market, Plans Expansion

Ant Group is entering the humanoid robotics industry through its subsidiary, Shanghai Ant Lingbo Technology, which has begun recruiting for positions related to humanoid robot systems. This strategic move reflects a broader trend among Chinese tech giants to invest in robotics, as the country aims to enhance its technological leadership and economic growth. The Chinese humanoid robot market, currently valued at approximately CNY 2.76 billion, is projected to reach CNY 100 billion by 2030, indicating significant growth potential. Companies like Xiaomi and Tencent are also investing in this sector, highlighting a competitive landscape fueled by government support and innovation. Ant Group's venture aligns with national goals to harness robotics as a key economic driver, potentially shifting market dynamics and consumer behavior. The move marks a significant expansion for Ant Group, traditionally focused on fintech, into the realm of embodied intelligent technology.