Found in Robotics News & Content, with a score of 68.84
July 17, 2021
Meituan Inc., which connects shoppers to local products and services, this week said it has received $400 million from Tencent Holdings Ltd. The Beijing-based company said it plans to invest in autonomous vehicles, aerial drones, and other cutting-edge technologies. In April, Meituan raised $10 billion in a stock and convertible bonds sale. The company serves food delivery, ride-sharing, retail, hospitality, and other sectors. It said it serves more than 2,800 counties, districts, and cities in China, and it claimed that it makes more than 40 million orders per day. Tencent was founded in 1998 and provides social media, advertising platforms,…
Found in Robotics News & Content, with a score of 27.12
June 08, 2021
…Capital, led Hesai's Series D round. Chinese Internet provider Meituan and smartphone maker Xiaomi and also participated, as did Citic Private Equity (CPE) Funds Management. Other investors included Baidu, Bosch, Huatai International Private Equity Fund, and ON Semiconductor. Baidu and Xiaomi are working with partners on electric vehicles, and Meituan is developing robots for indoor and outdoor deliveries. In addition, existing investors Lightspeed China Partners, Lightspeed Venture Partners, and Qiming Venture partners joined the latest round. “As the core sensor of autonomous driving, lidar directly affects the development speed and level of the autonomous driving industry,” said Huang Liming, partner…
Found in Robotics News & Content, with a score of 15.53
May 19, 2021
…Series C round included Sequoia Capital China and retailer Meituan-Dianping. They had participated in last year's Series B funding of $30 million. Taihe Capital acted as the exclusive financial advisor. “From the demand side, China's labor supply has entered a long-term contraction cycle,” explained Yeyun Ma, vice president of Taihe Capital. “The service industry, as the scene that needs the most manpower, has become the biggest pain point, as it is difficult to recruit, manage, and pay. ... Commercial service robots are the most direct way to solve this pain point.” “From the perspective of the supply side, after five…
Found in Robotics News & Content, with a score of 13.27
May 19, 2021
…The recent investment was led by Chinese technology giant Meituan, with participation from existing investors including Sequoia Capital China and Source Code Capital. Mech-Eye Laser designed to work in bright light Industrial 3D cameras play an essential role in modern manufacturing. Yet, when it comes to actual factory and warehouses, ambient light interference in complex environments always diminishes their ability to acquire and reconstruct image, said Mech-Mind. This month, the company launched a new generation of the Mech-Eye Laser Industrial 3D Camera, which it said uses “fast structured light” to present high-quality 3D imaging for industrial applications under demanding lighting…
Found in Robotics News & Content, with a score of 57.03
April 21, 2021
Meituan Inc. yesterday said that it has raised $10 billion, which it plans to invest in research and development of autonomous vehicles, drone delivery services, and other technology innovation. The Beijing-based company describes itself as a “one-stop platform for food, transportation, travel, shopping, and entertainment.” Meituan Select's business model “involves neighbors jointly purchasing groceries in bulk online at discounted prices through a group leader who also manages distribution,” reported Nikkei Asia. Meituan continues testing “In 2016, we began to develop an unmanned delivery service,” Zia Huaxia, chief scientist and head of artificial intelligence at Meituan, told China.org.cn last November. “We…
Found in Robotics News & Content, with a score of 21.41
April 14, 2021
…led Gaussian Robot's Series B round, with participation from Meituan and Tencent. The company previously announced $22 million in Series B+ financing led by Broad Vision Funds and China Capital Management in September 2020. In 2018, Gaussian Robot reportedly completed Series A financing worth tens of millions of dollars, and it raised $15.4 million in funding a year ago. The global market for cleaning robots will experience a compound annual growth rate (CAGR) of 29% to reach $11 billion by 2030, predicts Guidehouse Insights. However, it's too soon to tell what the long-term impact will be of the COVID-19 pandemic…
