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Xpeng subsidiary Dogotix raises US$600 million from IDG, Alibaba, Tencent, Gaorong Ventures in Series A round

PUBT·08/24/2026 09:06:18
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Xpeng subsidiary Dogotix raises US$600 million from IDG, Alibaba, Tencent, Gaorong Ventures in Series A round
  • Xpeng signed a Dogotix share purchase agreement for a $900 million equity financing that will dilute its stake in Dogotix.
  • Dogotix unit XPeng Dogotix to buy 98,675,200 Series A preferred shares for USD 200 million at an implied USD 5 billion pre-money value.
  • IDG Capital, Alibaba, Tencent, Gaorong to invest USD 600 million for 296,025,600 Series A preferred shares; up to USD 15 million add-on reserved.
  • Two executive-controlled vehicles to subscribe USD 100 million for 49,337,600 ordinary shares; warrants cover 246,688,000 shares with USD 500 million exercise price.
  • Assuming full warrant exercise and full incentive-plan use, Xpeng’s Dogotix stake falls from 100% to about 68.41%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xpeng Inc. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260824-12296104), on August 24, 2026, and is solely responsible for the information contained therein.