Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 3rd International Conference on Business and Policy Studies
Series Vol. 66 , 05 January 2024
Open
Access | Article
Analysis of Financing Strategies of ECOVACS Robotics Based on PEST
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Abstract
The artificial intelligence business has a wide potential as a young industry that continues to influence human social and economic growth. The development of efficient finance techniques has emerged as a crucial challenge for artificial intelligence businesses as they look to expand their markets and implement their plans. In order to sort out and analyze the strategic influencing factors on the development of artificial intelligence in China, particularly the status quo and issues of enterprise financing, this paper uses ECOVACS Robotics as a research sample. Financing is the primary source of funds necessary for the survival and development of enterprises. The demand for financing capital from businesses will rise as the worldwide market for service robotics continues to grow rapidly. According to the report, ECOVACS should adopt a targeted approach by bolstering technological advancement, boosting visibility, boosting legal support, boosting funding sources, and directing the targeted strategy in various ways.
Keywords
PEST analysis, financing strategies, artificial intelligence (AI)
References
1. ECOVACS Robotics Official Website(2023).https://www.ecovacs.cn/
2. ECOVACS Corporation 2021 Annual Financial Report(2023).https://www.ecovacs.cn/
3. ECOVACS Robotics Official Website(2023). https://www.ecovacs.cn/
4. Wu Di. Research on Foreign Investment Risks under the “Belt and Road” Initiative--Based on PEST Analysis[J]. Journal of Guiyang College (Natural Science Edition),2021,16(03):39-44.
5. Global enterprise database(2023)https://gel.wind.com.cn/web/Company/SearchHome.html
6. Source:Official website of the National Statistical Office(2023).http://www.stats.gov.cn/
7. Chen Xuewei. Research on the Evaluation of Financing Strategy of Jindi Group Based on EVA/SGR Model [D]. Fujian Agriculture and Forestry University,2022.
8. Li Chang. A Case Study of Financing Strategies of H-Tech Company [D]. South China University of Technology,2016.
9. He Yixin. Research on Financing Strategy of C Company Based on EVA/SGR Matrix [D]. Cheung Kong University,2022.DOI:10.26981/d.cnki.gjhsc.2022.000651.
10. ECOVACS Corporation 2020 Annual Financial Report(2023).https://www.ecovacs.cn/
11. He Yixin. Research on Financing Strategy of C Company Based on EVA/SGR Matrix [D]. Cheung Kong University,2022.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 3rd International Conference on Business and Policy Studies
- ISBN (Print)
- 978-1-83558-263-3
- ISBN (Online)
- 978-1-83558-264-0
- Published Date
- 05 January 2024
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/66/20241207
- Copyright
- 05 January 2024
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited