X Square Robot closes nearly RMB 2 billion Series B round co-led by Xiaomi and HongShan

Evidence notes
- X Square Robot reportedly completed a Series B round raising nearly RMB 2 billion, with Xiaomi and HongShan co-leading the financing.
- Caixin and KR-Asia reported the round as part of the company's push to commercialize embodied AI in real household settings.
- KR-Asia, citing 36Kr, ties the Series B to earlier strategic participation from groups such as Meituan, Alibaba, and ByteDance, while highlighting Xiaomi and HongShan as co-leads on the new financing.
Company context
Full-stack embodied-AI robotics company developing WALL foundation models, Quanta robot platforms and dexterous hands for manipulation-heavy service, home, logistics and research workflows.