Chinese start-ups are increasingly led by younger bosses

Unlike his fellow PhD classmates, Leng Xiaokun took his engineering interest in 2015 beyond the research and thesis writing into the real world. He founded Leju Robotics. The Shenzhen-based Leju Robotics that Leng now also serves as chief technology officer, produces high-end intelligent humanoid robots – Aelos, in the field of service robotics to achieve human-machine interaction and convergence for educational and entertainment purposes. Over half of the 70 employees who specialise in robotics and artificial intelligence (AI) are working on research and development (R&D). Unlike in the past when the service robotics industry was dominated by foreign brands, Leju claims to fully own the intellectual property rights on hardware and control system of its products. It not only sells them domestically, but has started shipping them to overseas markets since October last year. Leng, who started learning about robotics at 13, said they had set a revenue target of 30 million yuan for 2017, an amount that they might hit ahead of schedule. In about a week, he said the start-up would also announce a new round of fund raising, aimed to exceed the combined total amount raised in two previous rounds. The first round raised 10 million yuan…

Link to Full Article: Chinese start-ups are increasingly led by younger bosses

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