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UBTECH ROBOTICS Establishes Joint Tech Venture in Beijing w/ Registered Capital RMB12M: Report
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UBTECH ROBOTICS (09880.HK), a Chinese humanoid robot developer and manufacturer, has partnered with Youxuan Huizhi Technology (literal translation of "優選匯智科技") to jointly establish Youpu Huizhi Technology (literal translation of "優譜匯智科技") in Beijing, according to Chinese media reports.

This newly established company has a registered capital of RMB12 million. Its legal representative is Chen Fengbo. It will engage in business such as technology intermediary services, information system integration services, software sales, software outsourcing services, and sales of teaching-specific instruments.
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