Cheetah Mobile Inc. announced that one of its majority-owned subsidiaries has signed a definitive agreement to acquire an additional 60.8% equity interest in Shenzhen UFACTORY Technology Co., Ltd. for approximately RMB99.5 million. This transaction will increase Cheetah Mobile's total beneficial ownership in UFACTORY to approximately 75.8%, combining with a prior 19.2% stake held by another wholly-owned subsidiary. The acquisition is expected to close in the third quarter of 2025, subject to customary closing conditions.
UFACTORY is recognized as a leading provider of lightweight collaborative robotic arms, operating under the brand "UFACTORY xArm." The company is profitable and generates substantial revenue from overseas markets, offering a diverse portfolio of five-, six-, and seven-axis robotic arms and accessories. Its developer-friendly design makes its robotic arms highly adaptable across various use cases.
The acquisition will be funded using Cheetah Mobile's cash reserves, which stood at over USD230 million in net cash as of March 31, 2025. This strategic investment aims to strengthen Cheetah Mobile's product portfolio, enabling its service robots to operate across more physical environments and tasks. The company expects this move to accelerate global commercialization and deliver smarter, more adaptable robotics solutions to international markets.
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