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This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.
Sitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based humanoid rival Figure recently raised $1 billion in a single round, at a $39 billion valuation.
That’s far more than what a Chinese robotics company can typically raise, he said.
His strategy for growth? Do more with less.
