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.
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.