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BYD-Backed PaXini Robotics Weighs Hong Kong IPO After $150M Funding

Bloomberg Markets •
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PaXini Tech, a Shenzhen-based robotics manufacturer specializing in dexterous hands and humanoid robots, is weighing a Hong Kong IPO with bank support. The company counts electric vehicle maker BYD and e-commerce giant JD.com among its backers, positioning it within China's push for technological self-reliance amid US competition.

In March, PaXini secured over 1 billion yuan in funding, pushing its valuation above 10 billion yuan. Its product lineup includes tactile sensors and the Tora humanoid robot, reflecting China's ambition to dominate advanced manufacturing. The IPO consideration follows heightened investor appetite for Chinese robotics innovation.

Other Chinese robotics firms are pursuing similar listings. Unitree Robotics recently gained Shanghai IPO approval, while Beijing Galbot has filed in Hong Kong. These moves signal growing confidence in China's high-tech sector as Beijing prioritizes domestic innovation in artificial intelligence, semiconductors, and robotics.

The potential offering underscores how Chinese tech companies are diversifying funding sources beyond traditional markets. With strategic backing from major players and substantial recent funding, PaXini represents the commercialization of China's robotics capabilities on the global stage.