Alibaba CEO-Backed Robot Startup Eyes IPO Amid Mounting Loss…

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Credit: CFPAsianFin -- When Alibaba Group CEO Eddie Wu's name appeared in the IPO prospectus of LD Robot, it stirred curiosity across China's tech and investment circles. Who is this relatively unknown robotics firm—and why is it attracting such high-profile backing?Founded eight years ago by Zhou Wei, a 38-year-old serial entrepreneur from Xiangyang, Hubei province, LD Robot has quietly built a business around visual perception technologies for service and commercial robots.The company holds over 250 patents, was named a national-level "Little Giant" enterprise in 2022, and claims to power more than six million smar