
Meituan Invests in Galaxy Bot Company
Recently, Galaxy Bot underwent a business change, with the addition of Meituan's subsidiary companies as shareholders.
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Recently, Galaxy Bot underwent a business change, with the addition of Meituan's subsidiary companies as shareholders.
As China emerges from the weeklong Lunar New Year break, local VC institutions have announced several prominent new deals.
During the XPeng Tech Day held on October 24, the Chinese electric vehicle maker revealed its development schedule for intelligent assisted driving and the recent progress of its flying cars and robots.
On August 19, He Xiaopeng, chairman of XPeng Motors, put on display on Twitter-like Weibo the quadruped robot developed by XPeng Robotics, part of the XPeng ecosystem.
Chinese industrial flexible logistics services provider Standard Robots recently completed a Pre-C round of financing totaling several hundred million yuan, led by Broad Vision Funds and followed by NIO Capital.
On March 21st, Roborock released its annual flagship automatic cleaning robot G20 and a brand-new model, the P10.
Chinese smart home-cleaning appliances maker Dreame has launched a series of products in international markets, including the flagship Dreame Bot L10 Pro, a two-in-one sweeping and mopping robot vacuum equipped with a lidar navigation system.
As part of the agreement, CIOT will purchase flexible display screens, sensors, software and hardware integration solutions from Royole Corporation in batches for the whole line of commercial robot products of the company.
A Chinese firm called "Fair Robotics" has recently received over $50 million in round-B financing led by Source Code Capital, along with joint investment from Alibaba and Meituan-backed Long-Z.
Collaborative robot manufacturer JAKA Robotics announced on July 20 that it has obtained about 1 billion yuan ($148.2 million) in round-D financing.
Agibot has completed a new round of financing, with its current valuation exceeding 7 billion yuan, receiving support from Chinese automotive giants including BAIC, SAIC, and BYD.
Gaussian Robotics has completed a series B+ round of financing worth 150 million yuan ($22 million), led by Broad Vision Funds and China Capital Management.