CDH Investments Leads US$100 Million Investment in UBTECH Robotics (Asia)
Source: China Money Network | Author(s): Jillian Yue
China-focused private equity and venture capital firm CDH Investments has led a US$100 million funding round for China-based robot designer and manufacturer UBTECH Robotics. China-based investment bank CITIC Securities and other undisclosed investors also participated in the round. UBTECH plans to use the new capital for research and development, exploring more applications in new industries and building new research centers in China and the United States.