You are here

SoftBank launches robot venture with Alibaba, Foxconn

softbank180615.jpg
Japan's 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.

[TOKYO] Japan's 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.

The robots - which the mobile phone and Internet conglomerate envisions serving as baby-sitters, medical workers or even party companions - are already being used at stores including SoftBank's own mobile phone shops, but the companies said they would now be available to general consumers.

SoftBank said it would have a 60 per cent stake in the joint venture, with Alibaba and Foxconn holding 20 per cent each.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes