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Zhongqing Robots completes Series B+ funding, with foreign investor representative stepping down from the board of directors
ME News Report, May 6 (UTC+8), learned from informed sources that following the completion of a $200 million Series B funding round announced in April, Shenzhen Zhongqing Robot Technology Co., Ltd. has now completed a B+ round of financing. The specific amount and investors are still to be announced. According to official sources, after the Series B funding, Zhongqing Robot’s valuation exceeded 10 billion RMB, ranking it in the top tier of domestic humanoid robot valuations. Recently, REDA NIDHAKOU, the foreign investor representative of Zhongqing Robot, has resigned from the company’s board of directors. REDA NIDHAKOU was previously the foreign investor representative of Zhongqing Robot and joined the board following investment from related UAE capital. (Source: PANews)