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Zoe SL Chan

China’s Mech-Mind Robotics Technologies plans to start taking investor orders for its Hong Kong initial public offering (IPO) on Monday and are targeting a debut date of September 1 amid a boom in artificial intelligence-driven robotics that has lifted investor enthusiasm, according to people familiar with the matter.
The Meituan-backed company has started gauging interest for a listing that could raise about US$300 million, up from a US$200 million target a year ago, with its debut expected in early September, the people said.
The firm, based in Xiongan New Area in northern China’s Hebei province, passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a Hong Kong listing.
Mech-Mind joins a wave of robotics companies going public in Hong Kong as market enthusiasm grows, with fast-growing robot makers AgiBot and X Square Robot also eyeing listings in the city. Shares in Unitree Robotics initially surged 629 per cent in their debut in Shanghai on Wednesday.
The filing showed that Mech-Mind remained loss-making, with an adjusted net loss of 109 million yuan (US$16 million) in 2025, narrower than its 214 million yuan loss in 2024. It expected continued losses this year due to heavy spending on research, development and sales, the filing said.
The China Securities Regulatory Commission approved the company’s plan to issue up to 27.48 million overseas ordinary shares on August 7.
Founded in 2016, Mech-Mind specialises in industrial 3D cameras and AI-powered software that helps robots perceive their environments and make intelligent decisions.
In addition to food delivery platform Meituan, the company is backed by Intel and HSG, formerly known as Sequoia Capital China. The company completed pre-IPO funding in 2025 at a 6.3 billion yuan valuation.
A specialist tech firm whose listing falls under Hong Kong’s Chapter 18C, Mech-Mind said it planned to use the IPO proceeds to boost advanced AI models, improve hardware competitiveness, build scalable research infrastructure and expand its product portfolio into new application scenarios.
However, as a Chapter 18C firm, it must regularly meet investor growth expectations, and any commercialisation delays could pressure its share price.

Currently operating in nearly 50 countries across China, North America, Europe, Japan, South Korea and Southeast Asia, the firm generated about 50 per cent of last year’s revenue from overseas clients.
Its overseas gross margin reached 79 per cent in 2025, compared with 50 per cent domestically. Key clients include manufacturing giants such as Contemporary Amperex Technology Ltd, known as CATL, BYD, Midea and Foxconn.
A May report by Morgan Stanley highlighted China’s early dominance in humanoid robotics, noting that Chinese makers supplied 90 per cent of the 13,000 to 16,000 units delivered globally last year. The bank said the country’s manufacturers would roughly double deliveries to 28,000 units this year.
China Securities International and Citic Securities are the sponsors of Mech-Mind’s listing.


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Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm


Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm.


China’s Mech-Mind Robotics set to open order book for US$300m IPO, sources say

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm

Developer of 3D cameras and AI software for robots raises target by US$100 million amid investor enthusiasm