Newslink: $820 million for maker of a Stormtrooper robot? Here's why it was a smart move.
Chinese robotics company UBTech just landed $820 million in a Series C round led by Tencent.
Founded just five years ago, the company now has an eye-popping valuation of $5 billion.
That's a lofty assessment for what currently amounts to an unsuccessful toy company. But I have a hunch Tencent and other investors are on the ball as they look ahead to the next decade.
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