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Battle of the machines: Chinese robot makers take on foreign peers

By Ma Si and Tian Xuefei (China Daily) Updated: 2016-01-28 11:20

Battle of the machines: Chinese robot makers take on foreign peers

A robot prepares to throw the bouquet during a group wedding at Siasun Robot & Automation Co Ltd in Shenyang, Liaoning province, on Jan 20, 2016. [Photo/CFP]

It is planning to acquire competitive domestic and international component manufacturers after the Shenzhen-listed company raised 2.96 billion yuan from five institutional investors in November.

"We have been in negotiations with potential companies for over a year and we hope to complete the acquisition by June," Qu, president of Siasun said, declining to offer more details.

"Our goal is not to catch up but to take the lead by innovating on the basis of state-of-the-art technologies," he said.

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