bullish
SoftBank Robotics: Robotics Arm of Japanese Conglomerate SoftBank
213 Views31 Oct 2022 16:31
SUMMARY
- SoftBank Robotics is a pioneer in the industry of service robots and human-robot interactions. The company unveiled the world’s first social humanoid robot Pepper in 2014.
- Alibaba Group and Foxconn Technology have invested $118M each in SoftBank Robotics: 5%+ investor shareholders include Alibaba (20%), Foxconn (20%), and SoftBank holds a 60% stake.
- The company is struggling to grow revenues, and the business is structurally unprofitable. However, SoftBank Robotics announced RI strategy with plans to introduce a new series of smart robots.
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Andrei Zakharov
Covering IPOs, Healthcare and Technology Stocks
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