China: Cheetah Mobile to invest $50m in robotics R&D; MissFresh secures $36m in series B

China: Cheetah Mobile to invest $50m in robotics R&D; MissFresh secures $36m in series B

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

China’s leading mobile internet Cheetah Mobile is to spend $50 million in the field of robotics and launch a new social video service Toupai. MissFish closes the new funding round for $36 million.

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