Tencent-backed Chinese robotics unicorn UBTech mulls IPO in 2019

Tencent-backed Chinese robotics unicorn UBTech mulls IPO in 2019

James Zhou, CEO and Founder, UBTech Photo: Bloomberg

Chinese robotics billionaire James Zhou scored a win this year when Tencent Holdings Ltd. helped fund his startup at a $5 billion valuation. But Zhou’s already chasing more cash. The goal? To make his singing, dancing, yoga-teaching robots more lifelike.

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