China Robotics Industry Records Rapid Sales Growth

Over 19,000 domestically made robots were sold during the first half of 2016, up 70.8% year-on-year. Aggregate sales totaled RMB2.6 billion (US$384 million) during the period, up 40% year-on-year, according to data released by China Robot Industry Alliance.

Tencent Leads $400M Round In Chinese Robot Maker Ubtech At $4B Valuation

Chinese humanoid robot maker Ubtech Robotics is raising a US$400 million series C round led by tech giant Tencent Holdings Ltd. with participation from investors whose identities are unknown at this moment. The Shenzhen-headquartered company has been raising this round at least from six months ago, and the final numbers may still change, according to people familiar with the matter.