Former Alibaba Cloud President and Ex-Li Auto AD Chief Co-found Embodied AI Startup, Secures Top Institutional Funding

Ren Geng, former vice president of Alibaba Group and president of Alibaba Cloud China, will co-found a new company focused on embodied AI with Lang Xianpeng, ex-president of intelligent driving at Li Auto. The venture targets humanoid robots, competing with Tesla's Optimus. The new company will be registered soon, with Ren as founder and CEO, and Lang as co-founder and CTO. It is reported that the company has received investments from multiple top institutions during the Spring Festival, with multiple rounds of financing oversubscribed. Investors praise their partnership as a 'dream team' in the embodied AI industry: Ren excels in business organization and resource integration, while Lang has deep expertise in autonomous driving and AI technology, which is expected to drive the industrialization of embodied AI.