Caixin
BUSINESS & TECH

ReWalk Robotics Raises $20 Million for Expansion Into Chinese Market

(CTech) — ReWalk Robotics Ltd., which develops wearable exoskeletons that help people walk again after injuries and strokes, plans to expand into the Chinese market with the help of a $20 million investment offered by Hong Kong-based Timwell Co. Ltd.

ReWalk announced the planned investment Thursday in a filing with the U.S. Securities and Exchange Commission, saying that Timwell would receive a 35%-stake in the company.

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