Leju Robot, a Chinese company developing humanoid robots, has completed a major pre-IPO funding round of 1.5 billion yuan (approximately $207 million) to fuel its mass production plans and prepare for a public listing.
According to a report from the financial news agency Cailianshe, the substantial round was led by Beijing-based Greenwoods Asset Management.
The investment was secured directly by the Leju Robot entity rather than its parent company Suzhou Lean Technology, indicating a corporate restructuring ahead of its anticipated market debut. [Read more…] about Chinese humanoid robot maker Leju Robot secures $207 million in pre-IPO funding