Hong Kong-backed humanoid robot maker wants to take on tech giants

Galbot, a robotics start-up from Beijing, plans to challenge major tech giants in the global humanoid robot market.

Backed by the Hong Kong government, Galbot aims to use Hong Kong as a gateway to enter developed markets with high labor costs.

Co-founder Yao Tengzhou shared this strategy following a partnership announcement with the Hong Kong Investment Corp.

The company will face competition from established firms like Tesla, which aims to launch useful humanoid robots for internal use by next year and for external production by 2026, the South China Morning Post has reported.

read more: https://finance.yahoo.com/news/hong-kong-backed-humanoid-robot-093000373.html

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