Alibaba Joins Apple China Supplier To Produce Robots

By | June 18, 2015

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China e-commerce leader Alibaba Group (BABA) is joining Foxconn Technology Group — Apple ‘s (AAPL) main manufacturer in China — in investing in SoftBank’s robotics business. Alibaba and Foxconn will each invest 14.5 billion yen ($117.8 million) in SoftBank Robotics Holdings, the robotics wing of Japanese communications giant SoftBank Group, according to a statement released Thursday by the three companies. The alliance unites three of Asia’s top Scalper1 News

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