China's Leading Service Robot Maker Yunji Technology Surges on Hong Kong Debut

Yunji Technology, a portfolio company of Qiming Venture Partners and a global leader in robotic service agents, made a strong debut on the Hong Kong Stock Exchange on Wednesday. Trading under the ticker 02670.HK, Yunji was priced at HK$95.6 per share and opened at HK$142.8, giving the company a market capitalization of HK$9.813 billion.

Founded in 2014, Yunji Technology provides clients with highly adaptable and scalable robots and functional suites, backed by AI-powered digital system services. Its flagship product, the robotic service agent, integrates intelligent automation with direct human interaction. By leveraging artificial intelligence, these robots deliver end-to-end services that continuously learn and optimize to enhance user experience and operational efficiency.

The company’s robotic solutions are now deployed across a wide range of industries — including hotels, factories, hospitals, and office buildings. Yunji has installed robots in 34,000 hotels worldwide, with a record 36,000 robots operating online in a single day in 2024. Collectively, its robots performed about 500 million service tasks last year. With a dominant market share surpassing the combined total of its next four competitors, Yunji has emerged as the top player in China’s hotel service robot market.

Zhi Tao, Yunji Technology’s founder, chairman, and president, said the company’s IPO marked a milestone for the commercialization of service robots. “This listing represents strong market recognition of the commercial value of robotic service agents,” Zhi said. “Moving forward, Yunji will continue strengthening its full-stack R&D capabilities in both the ‘brain’ and ‘limbs,’ deepen its presence in the hotel sector, expand into new commercial settings, and accelerate the integration of robotics with vertical industries to bring intelligent services into households worldwide.”

Qiming Venture Partners, which led Yunji’s Series C funding round in 2021 and continued backing the company in subsequent rounds, praised the IPO as a breakthrough for China’s robotics innovation. “We recognized the maturity of indoor unmanned technology early on and invested decisively in key application scenarios such as hotels,” said Zhou Zhifeng, Managing Partner at Qiming. “Yunji has redefined consumer experiences through its robotic technologies, and its listing will further empower global expansion. With the rise of embodied intelligence, Yunji is well-positioned to pioneer new use cases and bring Chinese robotics to the global stage.”