Cheetah Mobile signs agreement to acquire controlling UFACTORY stake
Cheetah Mobile announced a definitive agreement to acquire 60.8% of Shenzhen UFACTORY for about RMB99.5 million, taking its ultimate beneficial ownership to roughly 75.8%.
Evidence notes
- Cheetah Mobile signed a definitive agreement to acquire 60.8% of Shenzhen UFACTORY.
- The transaction value was about RMB99.5 million.
- Cheetah said its ultimate beneficial ownership would rise to roughly 75.8%.
Company context
UFACTORY builds open and programmable robotic arms, including the xArm and uArm families. Its platform targets developers, educators, researchers and small manufacturers that need accessible robot-arm hardware with ROS and SDK support.