Cheetah Mobile Inc. has announced that its majority-owned subsidiary has signed a definitive agreement to acquire a 60.8% equity interest in Shenzhen UFACTORY Technology Co., Ltd., a leading provider of lightweight robotic arms. The acquisition, valued at approximately RMB99.5 million, will result in Cheetah Mobile's subsidiaries collectively holding an 80.0% stake in UFACTORY, translating to a 75.8% ultimate beneficial ownership for Cheetah Mobile. The transaction, which has received board and audit committee approval, is expected to close in the third quarter of 2025, subject to customary closing conditions. This strategic move is aimed at accelerating Cheetah Mobile's robotics commercialization strategy and enhancing its capabilities in AI and robotics.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.