Chinese AI education robot company Fabo raised ￥500 million yuan from Jimo district of Qingdao. In a strategic cooperation with the Qingdao municipal government, it will establish its robot industry R&D and manufacturing base. Fabo is worth nearly ￥2 billion.
Fabo is committed to producing robots that cater customers’ needs better, and employ them in the education sector to become teaching assistants. Fabo has now covered over 2000 kindergartens and primary schools.
South Africa Today