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Chinese robotics company Ubtech raises $820 million

By TechTaffy Desk

Chinese humanoid robots company Ubtech Robotics has completed a Series C investment totaling $820 million, with a market valuation of $5 billion.

The investment was led by Tencent, and also includes funding from ICBC, Haier, Minsheng Securities, Telstra, Easyhome Furnishings, Chia Tai Group, China Minsheng Bank, China Film and TV Capital, CGN, Sichuan Railway Investment Group, Green Pine Capital Partners, Whale Capital, and Shenzhen JinFuZi Network Technology.

The lead investor of the company’s Series B funding, CDH Investments, also participated in the round.

[Image courtesy: Ubtech Robotics]

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