Unitree Robotics now a unicorn with ByteDance, Alibaba, Tencent funding

Source: Tech – South China Morning PostUnitree Robotics, a leading player in China’s booming robotics industry, has completed a new round of financing, attracting investment from some of the country’s biggest tech companies amid excitement surrounding this sector.
The Hangzhou-based company, founded by Wang Xingxing, was valued at over 10 billion yuan (US$1.3 billion), according to investors and local media reports.
Notable backers in the latest funding round included ByteDance-affiliated Jinqiu Capital, Alibaba Group Holding and…Read More

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