James Zhou, founder of China’s biggest robot maker Ubtech Robotics, was fascinated by the Transformers show as a young boy in Shanghai during the 1980s. A few decades later, he’s turned his childhood passion into Ubtech, a US$5 billion technology powerhouse based in Shenzhen.
Seven Seas Partners, a Chinese venture capital firm established by former Tencent Holdings Ltd’s chief technology officer Jeff Xiong, has led a RMB350 million (US$53 million) series B round in Roobo, an artificial intelligence start-up developing home service robots.
Dorabot, a Chinese robotics company deploying artificial intelligence and robotics in the logistics sector has raised tens of millions of dollars in a series A+ round financing led by Yunfeng Capital.
Chinese appliance maker Haier and SoftBank Robotics Group Corp. ("SBRG") have formed a strategic partnership to develop robots for use in smart stores and smart homes, Haier announced today.
Chinese Internet giant Tencent has announced the establishment of a robotics laboratory named "Robotics X”, to support the company’s push into AI and robotics. The new lab, to be based in Shenzhen, will reinforce Tencent’s R&D in the artificial intelligence realm in conjunction with its existing AI Lab, launched in April 2016. At the same time, the company announced that it had reached a strategic cooperation agreement with Nature Research, a subsidiary of academic publisher Springer Nature, to promote research …