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Ant Group, China Mobile Plan Investment in Unitree Robotics: Rumor
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Robotics unicorn Yushu Technology (Unitree Robotics) is planning to introduce new investors, including Ant Group and China Mobile, though specific investment shares are still under discussion, according to Chinese magazine, citing sources. Public information showed that Yushu's last funding round occurred in September 2024, led by the Beijing Robotics Industry Investment Fund (literal translation of "北京機器人產業投資基金"), with the company valued at RMB8 billion at that time. This round is reportedly not a brand-new financing effort nearing completion but rather an opening of a small portion of equity to specific investors. Negotiations between Ant Group and Yushu regarding the investment have been ongoing for some time. A source close to Yushu's financial advisor disclosed that the valuation for this round is below RMB10 billion. AAStocks Financial News |
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