UBTECH Secures $1B Deal, Plans Middle East Expansion
Chinese tech giant UBTECH Robotics has secured a significant boost with a $1 billion strategic financing agreement with Infini Capital. This deal marks another step in international capital's interest in China's humanoid robotics sector.
UBTECH will gain access to swift financing channels through newly issued shares, convertible bonds, and cash withdrawal rights, thanks to this agreement. But the collaboration goes beyond financial support.
The two firms have also established a joint venture, set to invest in the robotics industry chain and create a company in the Middle East. Plans are in motion to build mega-factories, research and development centers, and regional headquarters in the United Arab Emirates and other locations. This expansion aims to strengthen UBTECH's global footprint and drive innovation in robotics technology.
UBTECH Robotics' partnership with Infini Capital brings substantial financial backing and a strategic push into the Middle East market. With plans to build mega-factories and R&D centers, the joint venture is poised to propel UBTECH's growth and influence in the global robotics industry.
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