Morphi (墨奇智能), an embodied AI company, has completed an angel-round financing series of more than 10 billion yuan ($1.4 billion), with Alibaba and Tencent investing jointly, according to Jiemian News. Guanghe Venture Capital said more than 10 other top-tier institutions also participated.

After the fundraising, Morphi’s valuation exceeded 70 billion yuan, the investors said.