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Alibaba, Foxconn launch robot venture with SoftBank
http://www.ecns.cn/visual/hd/2015/06-18/68956.shtml
Jun 18th 2015, 07:33
Masayoshi Son (C), Founder and Chief Executive Officer of Japan's SoftBank Corp., Terry Gou (R), Founder and Chairman of Taiwan's Foxconn Technology, and Jack Ma, Founder and Executive Chairman of China's Alibaba Group pose for pictures with SoftBank's human-like robots named 'Pepper' during a news conference in Chiba, Japan, June 18, 2015. SoftBank Corp said on Thursday that it was setting up a joint venture with Alibaba and Foxconn Technology to sell its human-like robot Pepper to consumers around the world. Foxconn and Alibaba are each investing JPY 14.5 billion (US$118 million) in SoftBank Robotics Holdings (SRH), for a stake of about 20 percent each of the company, with SoftBank holding the remaining 60 percent. (Photo provided to China News Service)
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