Chinese robot developer CloudMinds raises $138m amid reports of Hong Kong IPO

Chinese robot developer CloudMinds raises $138m amid reports of Hong Kong IPO

A humanoid robot built by Chinese AI-powered robot developer CloudMinds. Photo from CloudMinds' official website

Chinese artificial intelligence (AI)-powered robot developer CloudMinds has raised over 1 billion yuan ($138.1 million) in a Series C round of financing as the firm is said to be weighing an initial public offering (IPO) in Hong Kong.