Chinese technology start-up Unitree Robotics dispelled media reports that Alibaba (HKG:9988) affiliate Ant Group and China Mobile (HKG:0941, SHA:600941) will invest in the startup, The Standard reported Tuesday.
The report by Caijing, citing sources, said the investment will entail a selective allocation of shares to specific investors, The Standard said.
Unitree's valuation in this funding round is below 10 billion yuan, according to The Standard.
Some investors have tried to invest in the start-up but have not succeeded, The Standard said, citing Caijing.
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