UBTECH Establishes New AI-Focused Company in Qingdao, Expanding its Reachin China
Qingdao, China – September 3, 2024 – UBTECH Robotics, a leading robotics company headquartered in Shenzhen, China, has announced the establishment of a new subsidiary, UBTECH Zhixing (Qingdao) Software Co., Ltd., in Qingdao, Shandong province. This move signifies the company’s commitment to expanding its presence in China and further developingits artificial intelligence (AI) capabilities.
The newly formed company, with a registered capital of 5 million yuan, will focus on developing AI application software, AI general application systems, and providing technical consulting services for AI public service platforms.UBTECH Zhixing (Qingdao) Software Co., Ltd. is fully owned by UBTECH Robotics (09880.HK), highlighting the strategic importance of this new venture.
This expansion into Qingdao aligns with UBTECH’s broader strategy of leveraging AI to drive innovation across various sectors. The company has been actively developing and deploying AI-powered solutions in fields such as education, healthcare, and retail.
The establishment of UBTECH Zhixing (Qingdao) Software Co., Ltd. marks a significant step in our journey tobecome a global leader in AI-powered robotics, said [Insert relevant quote from UBTECH executive]. Qingdao’s vibrant technology ecosystem and strong talent pool provide an ideal environment for us to develop cutting-edge AI solutions that will benefit businesses and individuals alike.
The move comes at a time when China is aggressivelyinvesting in AI development, aiming to become a global leader in the field. The country has outlined ambitious plans to foster innovation and create a thriving AI industry, attracting significant investments and talent.
UBTECH’s expansion into Qingdao is expected to contribute to the region’s growing technology sector and create new opportunities for localbusinesses and individuals. The company’s AI expertise will likely benefit local industries by providing advanced solutions for automation, data analysis, and customer service.
UBTECH’s Continued Growth and Expansion
This latest development is part of UBTECH’s ongoing efforts to expand its global reach and solidify its position as aleading player in the robotics and AI industry. The company has already established a strong presence in several key markets, including the United States, Europe, and Southeast Asia.
In recent years, UBTECH has been actively pursuing strategic partnerships and acquisitions to enhance its capabilities and expand its product portfolio. The company has also been investingheavily in research and development, focusing on areas such as humanoid robotics, AI vision, and natural language processing.
The Future of AI in China
China’s commitment to AI development is evident in its ambitious national strategies and substantial investments. The country is actively promoting AI research, education, and commercialization,fostering a dynamic ecosystem for AI innovation.
The establishment of UBTECH Zhixing (Qingdao) Software Co., Ltd. is a testament to the growing importance of AI in China and the potential for the technology to transform various sectors. The company’s expansion into Qingdao is expected to contribute to the region’seconomic growth and technological advancement.
Conclusion
UBTECH’s establishment of a new AI-focused company in Qingdao marks a significant step in the company’s growth strategy and highlights the growing importance of AI in China. The company’s commitment to innovation and expansion is expected to drive further development in therobotics and AI industry, creating new opportunities for businesses and individuals alike.
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