China’s Hubei province establishes $690 million fund to boost humanoid robot industry

According to Chinese company registry database Tianyancha, the Hubei Humanoid Robot Industry Investment Fund was established last week with a registered capital of RMB 5 billion ($690 million). The fund is managed by Changjiang Growth Capital Investment and focuses on venture capital, private equity, and asset management. It is jointly funded by Wuhan Optics Valley Industrial Investment, Changjiang Securities Innovation Investment, Wuhan Industry Development Fund, Hubei Investment Guidance Fund, and Changjiang Growth Capital. The move sees Hubei province join several regions in China that have launched investment funds for the humanoid robotics industry, including Beijing, Shanghai, Shenzhen, Suzhou, Chengdu, Nanjing, Chongqing, and Shaoxing. [Jiemian, in Chinese]