Ant Group and China Mobile Limited plan to invest in Yushu Technology? Founder of Yushu Technology: the news is not true.

date
01/04/2025
avatar
GMT Eight
According to reports, the unicorn company Siasun Robot&Automation plans to introduce new investors, including Ant Group and China Mobile Limited, and is currently in communication about specific investment shares. The report points out that this financing is not a complete new round of financing, but a small portion of shares open to specific investors. Ant Group and Siasun Robot&Automation have been negotiating on investment matters for a long time, and the valuation of this financing is below 10 billion yuan. In response to this, the founder of Siasun Robot&Automation, Wang Xingxing, told the media that the news is not true. The data shows that Siasun Robot&Automation was established in 2016, initially focusing on quadruped robots. In 2023, Siasun Robot&Automation launched human-like products. In May 2024, Siasun introduced the G1 model, with a height of about 127 cm, and a basic version priced at 99,000 yuan. Siasun's last round of financing was in September 2024, led by the Beijing Siasun Robot&Automation Industry Investment Fund, with participation from 14 well-known investment institutions such as Deep Creation Investment, Meituan Longzhu, Sequoia China, CITIC SEC, and Source Code Capital.

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