Alibaba, Foxconn invest $236m in SoftBank robotics division
Alibaba Group and Foxconn Technology Group have agreed to invest JPY29 billion ($236 million) in SoftBank Robotics Holding Corp, which manages SoftBank's robotics business.
According to a release, Alibaba and Foxconn will each commit JPY14.5 billion in return for a 20% stake in the company. SoftBank will retain a 60% share. The investment comes just days before the release...
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