BRIEF: Ubtech’s loss narrows on humanoid robot ramp-up
Robot maker Ubtech Robotics Corp. Ltd. (9880.HK) announced on Tuesday that its revenue rose 53.3% last year to 2 billion yuan ($290 million), while its net loss narrowed to 703…
BRIEF: Ubtech to acquire 43% of Fenglong Electric for $237 million
Robotics company Ubtech Robotics Corp. Ltd. (9880.HK) announced on Wednesday that it will acquire 43% of Shenzhen-listed Zhejiang Fenglong Electric Co. Ltd. (002931.SZ) for a total consideration of about 1.67…
Hong Kong Robotics’ stock soars on robotics pivot, but does it have legs?
The unknown Hong Kong-listed company’s stock has jumped to new highs since repositioning itself earlier this year as a robotics firm Key Takeaways: Hong Kong Robotics’ shares have soared on…
BRIEF: Ubtech raises $113 million in fourth post-IPO share placement
Shenzhen-based robotics manufacturer Ubtech Robotics Corp. Ltd. (9880.HK) announced on Thursday it plans to raise HK$876 million ($113 million) through the placement of over 10.1 million new shares, representing approximately…
Ubtech Robotics set to keep stumbling into the red
The maker of humanoid and industrial robots faces high production costs and an array of competing machines from big names such as Xiaomi, Tesla, Amazon, and OpenAI Key Takeaways: Ubtech Robotics has predicted…
Humanoid Robot Maker Ubtech Limbers Up for IPO
The loss-making robotics company has filed to list on the Hong Kong Stock ExchangeKey Takeaways:Ubtech has been a pioneer in humanoid robotics, but several tech giants have now stepped into…
Recent Articles
RELATED ARTICLES
-
Despite years of losses, Hai Robotics has some strong selling points
- BRIEF: Ubtech to acquire 43% of Fenglong Electric for $237 million
- BRIEF: Ubtech to acquire up to 43% of auto parts maker Fenglong for up to $424 million
- BRIEF: Ubtech, Liuzhou funds to co-invest in smart robotics supply chain
- Iplusmobot motors towards Hong Kong IPO, banking on big-name backers
