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Chinese Humanoid Robot Maker Raises $200 Million Ahead of IPO

Leju Robotics raised more than $200 million in fresh funding ahead of a planned listing, demonstrating sustained investor interest in China’s emerging humanoid robot sector as it competes with US rivals.Participants in the latest funding round included Citic Goldstone and state-backed Shenzhen Investment Holdings Co., Shenzhen-based Leju said Wednesday in a statement. The funds will go toward developing new robots and scaling up production, it added. Leju is partnering with firms including Huawe...

Read more at bloomberg.com

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