Report: Paxini, Dexterous-Hand Robot Firm Backed by BYD and JD.com, Plans Hong Kong IPO
nashnova research
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.
市场有风险，内容仅供研究参考，不构成投资建议。