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UBTECH and others establish a new company in Yantai with a registered capital of 32 million.

MarsBitNews
Mars Finance News, Tianyancha App shows that on July 1, Weilan Youzhi Technology (Yantai) Co., Ltd. was established, with legal representative Li Haiming, registered capital of 32 million RMB, and business scope including intelligent robot research and development, intelligent robot sales, service consumer robot manufacturing, etc. Shareholder information shows that the company is jointly held by Yantai Shenlan Talent Development Group Co., Ltd. and UBTECH.
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