Zhongqing Robotics completes Series B+ financing; foreign investor representative resigns from board position.

CoinFeed reported on May 6th that, according to sources, Shenzhen Zhongqing Robotics Technology Co., Ltd. has completed its Series B+ financing round, following its announcement in April of a $200 million Series B funding round. The specific amount raised and investors are yet to be announced. According to official sources, following the Series B financing, Zhongqing Robotics' valuation exceeded 10 billion RMB, placing it among the top-valued companies in the domestic humanoid robot market. Recently, REDA NIDHAKOU, a representative of Zhongqing Robotics' foreign investors, resigned from his position on the company's board of directors. REDA NIDHAKOU was previously a representative of Zhongqing Robotics' foreign investors and joined the board through investment from UAE-based capital.