Alibaba backs Chinese robovan maker Neolix in $400M round

Neolix Technologies, a Chinese maker of driverless delivery vehicles, raised $400 million to fund its global expansion. Alibaba participated in the round. The company's valuation and other investors were not disclosed.

• Neolix raised $400 million for global expansion
• Alibaba participated in the round
• The company builds driverless delivery vehicles
• Valuation and other investors were not disclosed