UBTECH raises USD40M in Tencent-led financing
UBTECH raised USD40 million in a Tencent-led Series C financing.
Evidence notes
- Tencent led the disclosed financing.
- UBTECH planned to use the capital for robotics and artificial-intelligence research and development.
- The financing followed UBTECH's USD100 million Series B in 2016.
Company context
Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education. Listed on HKEX (9880.HK), founded March 2012.