Retail in Asia

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SoftBank sells 1,000 units of its Pepper robot in first minute of online trade

SoftBank Corp. said on Saturday it sold out its first stock of Pepper robots within a minute of the humanoid going on sale online at 10 a.m.

The orders, for a total of 1,000 units, represented the entire monthly quota for June. SoftBank will announce future sales plans next month, although SoftBank Chairman and Chief Executive Officer Masayoshi Son has said the company aims to maintain a monthly production capacity of 1,000 robots.