Report: Paxini, Dexterous-Hand Robot Firm Backed by BYD and JD.com, Plans Hong Kong IPO
N.R. Finch
Shenzhen robotics maker Pasi Perception Technology is preparing a Hong Kong listing after closing over RMB 1 billion in funding in March at a RMB 10 billion valuation — the latest in a wave of Chinese robotics firms rushing to capital markets.
Who is Pasi, and what does it make?
Pasi Perception Technology, based in Shenzhen, builds three core products: tactile sensors, dexterous robotic hands, and the Tora humanoid robot.
Its strategic backers are BYD and JD.com — one a manufacturing giant, the other a logistics heavyweight.
This means → Pasi is tied to real deployment scenarios from the start, not a pure-lab venture.
How far along are the fundraise and IPO plan?
In March the company closed over RMB 1 billion in funding, pushing its valuation past RMB 10 billion (roughly $1.5 billion).
Per Bloomberg, Pasi is already working with banks and may file with the HKEX within the coming months.
But sources caution: neither the deal size nor the timeline is final — talks are still ongoing.
Why is everyone listing now?
Pasi is not alone: Unitree Robotics has been approved to list on the Shanghai exchange, and Galbot has already filed in Hong Kong.
In plain terms = China's robotics sector is in a "collective door-knocking" window.
The driving force is policy — Beijing has designated AI, semiconductors, and robotics as strategic tech priorities amid its technology rivalry with the U.S., keeping investor attention on the sector elevated.
Content is for reference only, not financial advice.