Mainland Chinese Tech Firms Find More Than Capital in Hong Kong Listings

Mainland Chinese technology companies are discovering that listing in Hong Kong offers far more than access to deep capital pools. For recently listed start-ups in robotics and artificial intelligence, the city provides a crucial gateway to global markets, research partnerships, and invaluable exposure to diverse consumer behaviors.

Hong Kong as a ‘Connection’ Hub

Yunji Technology, a Beijing-based service robot maker that listed in Hong Kong in October, exemplifies this trend. “If we use one word to describe what Hong Kong offers for us, that would be connection,” said Xie Yunpeng, the company’s chief development officer, during a media tour in Beijing on Tuesday.

Xie explained that Hong Kong connects Yunji with business opportunities, capital, research partners, and overseas markets. The city also exposes the company to diverse consumer habits, helping tailor its products for international deployment.

Testing Ground for Global Expansion

Hong Kong has become a vital testing ground for Yunji’s service robots before their overseas rollout, according to Xie. International customers view successful deployments in the city as more representative of operating conditions outside mainland China. The company now plans to focus its overseas expansion on Southeast Asia, the Middle East, the United States, and parts of East Asia.

The source for this article is https://www.scmp.com/tech/tech-trends/article/3359826/mainland-tech-firms-find-more-just-deep-capital-pools-hong-kong.