Rising star Agibot buys Shanghai firm to double down on humanoid robotics

It's unclear how Agibot plans to leverage Dazhisong's technologies, but this acquisition represents the rising firm's bid to establish a stronger foothold in the robotic and AI space.

Agibot (智元机器人), an up-and-comer in China’s emerging humanoid robotic space, has completed the acquisition of a Shanghai-based company providing smart gadgets and AI solutions, for an undisclosed amount of money, information from Tianyancha, a business search data service provider, shows.

Agibot recently rose to prominence on the back of its first humanoid robot Raise A1 and the top mind behind it, chief technology officer Peng Zhihui, nicknamed “Huawei’s wonderboy.”

Following the acquisition, Zhao Yanzheng and Yan Weixin, original shareholders of the Shanghai company, named Shanghai Dazhisong Smart Equipment Co., Ltd, left the company, with Zhao stepping down as the legal representative of the firm.

Shu Yuanchun, founder and CEO of Agibot, has taken over as the new legal representative of Dazhisong.

Founded in July 2014 with a registered capital of 2 million yuan (US$274,400), Dazhisong’s business area consists of the development of intelligent robots, AI software development and AI public data platform, according to business registration information.

It’s unclear how Agibot plans to leverage Dazhisong’s technologies, but this acquisition represents the rising firm’s bid to establish a stronger foothold in the robotic and AI space.

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Ni Tao

Ni Tao is the founder and editor-in-chief of cnrobopedia. Prior to cnrobopedia, he had a full decade of experience with a major state-run English-language newspaper as a tech reporter and opinion writer. He is also a communications specialist, having provided consultancy services to established firms like Siemens, Philips, ABinBev, Diageo, Trip.com Group (Nasdaq: TCOM, HK: 9961), Jianpu Technology (NYSE: JT) and a handful of domestic startups. A graduate of Fudan University, he writes widely about China's business and tech scenes and other topics for global publications including South China Morning Post, SupChina, The Diplomat, CGTN, Banking Technology, among others, and tries to impart his experience to students at Fudan University Journalism School, where he is a part-time lecturer. When he's not writing about robotics, you can expect him to be on his beloved Yanagisawa saxophones, trying to play some jazz riffs, often in vain and occasionally against the protests of an angry neighbor. Get in touch with him by dropping a line at nitao0927@gmail.com.

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