Chen and owns 38 per cent of the business recently became a paper billionaire (in US dollar terms) reported Bloomberg in March.
According to the Dongguan Economy and Information Technology Bureau, the 505 factories in the area have invested 4.2 billion yuan (about $0.85 billion AUD) in robots since September.
There have been many stories written recently about China’s heavy investment in factory robots due to labour shortages and rising manufacturing wages, which have “more than quintupled in the last decade” according to a New York Times report last month.
According to the International Federation of Robotics’ preliminary report for 2014, China was the leading purchaser of industrial robots.
The country purchased approximately 56,000 units (an increase of 54 per cent on 2013) of a global total of approximately 225,000.