China: Tencent Holdings leads $400m Series C in Ubtech Robotics

China: Tencent Holdings leads $400m Series C in Ubtech Robotics

Photo by Alex Knight on Unsplash

Chinese technology major Tencent Holdings is leading a $400-million Series C investment in Shenzhen-headquartered humanoid robot maker Ubtech Robotics.

The South China Morning Post (SCMP) reported the development, citing people familiar with the matter. The company has been raising the funding for the last six months, with the round yet to be closed and financial commitments finalised.

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