UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from a Hong Kong investment firm to finance its production expansion, including a joint venture in the Middle East.
The Hong Kong-listed company said in an exchange filing on Sunday it would receive funding from Infini Capital, an investment conglomerate headquartered in Hong Kong and Abu Dhabi. The support would come through share allocations, convertible bonds and expedited loans.
The deal comes as Chinese private investors raise their bets on domestic humanoid robotics companies, which are actively expanding into international markets. Infini Capital, for example, is known for its investments in hi-tech companies, including artificial intelligence firms Beijing Fourth Paradigm Technology and SenseTime.
Infini Capital opened its Abu Dhabi office in March 2024. Founder and CEO Tony Chin said at the time that the firm intended to capitalise on the “deepening investments between Greater China and the Middle East”.
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China unveils world’s first humanoid robot that can change its own batteries
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The firm plans to help UBTech establish a research centre and a “super factory” in the Middle East. It also aims to increase its holdings in UBTech to a 5 per cent equity stake, leveraging its previous investments in the AI and robotics supply chains to help the Shenzhen-based robot manufacturer develop “more powerful and cost-effective humanoid robots”.
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