Chinese robo‑van operator Zelos Technology, backed by Alibaba, has filed internal plans for a listing in Hong Kong. Sources say the float could pull in roughly $600 million from investors and aims to broaden its service network. The move follows a wave of Chinese tech firms seeking capital outside mainland markets, where regulatory scrutiny has tightened in recent years.

Investors will gauge Zelos’ valuation against peers in the autonomous logistics space, where demand for driver‑less delivery vans is accelerating. By tapping Hong Kong’s deep pool of Asian capital, the company hopes to fund R&D and expand its fleet across mainland China and Southeast Asia, and position itself for future public contracts. A successful raise would also signal confidence in Alibaba‑linked ventures despite broader market headwinds.

Regulators in Hong Kong have streamlined listing requirements for tech firms, making the venue attractive for Chinese innovators. Should Zelos secure the targeted Hong Kong IPO, the proceeds could reshape competition among robo‑van providers and give Alibaba another traded asset in its portfolio. The transaction underscores the continuing flow of capital from offshore markets into China’s transportation sector. Analysts will watch pricing and shareholder composition closely.