CDH Investments has led a US$100 million investment in Ubtech, a Shenzhen-based intelligent humanoid robots maker, according to Chinese media reports. CITIC Securities and other unnamed investors also participated in the round, which values the start-up at US$1 billion post-money. Ubtech’s Alpha 1S robots, together with DJI’s drones, were featured on the Chinese New Year’s […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.