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Wang Xingxing: Reports of Ant Group & China Mobile Investing in Unitree Robotics Are False
Regarding rumors that Ant Group and China Mobile are set to invest in Yushu Technology (Unitree Robotics), Chinese media quoted Yushu Technology's founder, Wang Xingxing, who d...
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Wang Xingxing: Reports of Ant Group & China Mobile Investing in Unitree Robotics Are False
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Regarding rumors that Ant Group and China Mobile are set to invest in Yushu Technology (Unitree Robotics), Chinese media quoted Yushu Technology's founder, Wang Xingxing, who dismissed the claims, stating that the news is not true.

According to Chinese magazine, citing sources, robotics unicorn Yushu Technology is planning to introduce new investors, including Ant Group and China Mobile, with specific investment shares still under discussion.

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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 reportedly been ongoing for some time. A source close to Yushu's financial advisor disclosed that the valuation for this round is below RMB10 billion.

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