Alibaba and Foxconn invest in robotics firm
Print Edition
E-COMMERCE giant Alibaba Group and Taiwan-based Foxconn Technology Group will invest in and become shareholders of SBRH, a robotics company under Japan’s Softbank.
According to an agreement reached by the three parties yesterday, Alibaba and Foxconn will each invest 14.5 billion yen (US$117.45 million) in and hold a 20 percent stake in SBRH. The other 60 percent of the shares will be held by Softbank.
According to Alibaba, the three companies agreed to jointly promote the Pepper robot globally. Pepper is a robot equipped with a microphone, camera and 3D sensor on its head, which can help it identify and respond to people’s facial expressions, voices and emotions.
The first batch of 1,000 Pepper robots will enter the Japanese market tomorrow.
Alibaba’s founder Jack Ma said the robotics industry will help fuel scientific breakthroughs in medical treatment, public services and intelligent homes.
Alibaba said it will also cooperate with SBRH to research robotics applications and user experience.
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