Richtech Robotics Joins Beijing Firm to Advance AI Service Robotics

Richtech Robotics, a Nevada-based provider of AI-driven service robots, has entered a strategic partnership with Beijing City of Design Development Co., Ltd. through their joint venture, Boyu Artificial Intelligence Technology. This collaboration aims to establish a Beijing Foreign-Invested R&D Center focusing on domain-specific AI models, autonomous robotic decision-making systems, and integrated software-hardware platforms to accelerate the development and deployment of advanced robotics in hospitality, healthcare, retail, and other service industries. The partnership leverages Beijing City of Design Development's status as a wholly state-owned enterprise, providing Richtech Robotics access to significant resources and expertise in the Chinese market. Richtech has already deployed over 400 robot solutions across the U.S. with clients including Texas Rangers' Globe Life Field, Hilton, and Boyd Gaming. The alliance is expected to foster innovation, improve service experiences, and streamline operations across key sectors while supporting the incubation of next-generation service-robotics technologies. Market analysts rate Richtech Robotics as an 'Outperform' with an average price target suggesting over 50% upside potential from current stock prices.