Ant Group and China Mobile Reportedly Plan to Invest in Unitree Robotics
TMTPOST – Chinese robotics unicorn Unitree Robotics is reportedly in discussions to bring in new investors, including Ant Group and China Mobile. Negotiations are still ongoing regarding the specific investment proportions, according to sources familiar with the matter.
This investment is not part of a full new funding round but rather a targeted allocation of a small portion of shares to specific investors. Sources indicate that Ant Group and Unitree have been in talks for a long time, but the company’s valuation remains unchanged from its previous estimate of 8 billion yuan ($1.1 billion).
A financial advisor close to Unitree Robotics stated that the current financing valuation is below 10 billion yuan ($1.4 billion).
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