Tencent led a $820m in series C funding round in Ubtech.

Synopsis

Tencent, a Chinese multinational technology and entertainment conglomerate, led a $820m in series C funding round in Ubtech, a global AI and humanoid robotics company, with participation from Industrial and Commercial Bank of China, China Minsheng, CreditEase and Green Pine Capital.

Principals

target

UBTECH

bidder

CREDITEASE

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Market Context

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Seller Team (1)

zhou jian

CEO at UBTECH

Manager

target

Deal

£ 719 M

Total Value

Bidder Team (1)

fei luo

Chairman, Managing Director and General Manager at GREEN PINE CAPITAL PARTNERS

Investor

bidder

Deal

£ 719 M

Total Value

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