MEKAWIRE
China—Public2590.HK

Geek+ (Beijing Geekplus Technology)

Beijing-based maker of autonomous mobile robots and goods-to-person systems for warehouse fulfillment, listed in Hong Kong.

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  • Sep 9, 2026
    Service robot maker Excelland lists in Hong Kong at the bottom of its range as institutions leave the book short

    Excelland Robotics (Wuxi), ranked third in China's commercial service robot market, began trading in Hong Kong on 9 September 2026 after pricing 45 million H shares at HK$14.45, the bottom of its range, for gross proceeds of HK$650.2 million. Retail investors subscribed 140.02 times while the international tranche was covered only 0.99 times, and the prospectus shows a 2025 loss of RMB110.8 million on revenue of RMB317.7 million.

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  • Sep 1, 2026
    Mech-Mind raises HK$2.35 billion at the top of its range as Hong Kong retail demand for the 3D vision supplier hits 3,835 times

    Mech-Mind Robotics Technologies priced its Hong Kong listing at HK$101.70 per H share, the top of its HK$95.30 to HK$101.70 range, raising gross proceeds of HK$2,353.4 million before any over-allotment, according to its allotment results announcement. The Hong Kong public tranche was subscribed 3,835.36 times and the international tranche 13.39 times, and dealings in stock code 09615 were set to begin at 9:00 a.m. on September 1, 2026.

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  • Mar 30, 2026
    Geek+ turns an adjusted profit in 2025 as US sales overtake China

    Hong Kong-listed warehouse robot maker Geek+ reported 2025 revenue of RMB3.17 billion, up 31.6%, and its first full-year adjusted net profit of RMB43.8 million, while its IFRS loss narrowed to RMB10.4 million. The United States became its largest single market and new orders rose 31.7% to RMB4.14 billion as the company pushes a warehouse foundation model and a wheeled humanoid toward production.

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  • Mar 30, 2026
    Huayan Robotics raises HK$1.58bn in Hong Kong debut after retail book is covered 5,059 times

    Chinese collaborative robot maker Guangdong Huayan Robotics began trading in Hong Kong under code 1021 on 30 March 2026 after pricing its H shares at HK$17.00 and raising HK$1,579.34 million gross. The retail tranche was subscribed 5,059.38 times, while preliminary 2025 results showed revenue up 24.6% to RMB386.9 million and a net loss of about RMB29.9 million.

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  • Dec 30, 2025
    SwitchBot maker OneRobotics raises HK$1.64 billion in Hong Kong IPO as retail demand hits 254 times

    OneRobotics, the Shenzhen company behind the SwitchBot smart home robots, began trading in Hong Kong on December 30, 2025 after pricing its H shares at HK$73.80 and raising gross proceeds of HK$1,640.01 million. The retail tranche was 254.50 times subscribed. The company sells most of its products in Japan and turned profitable only in the first half of 2025.

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  • Dec 2, 2025
    Mujin raises $233 million in Series D first close as NTT and Qatar's sovereign fund bet on its robot operating system

    Tokyo-based Mujin said on 2 December 2025 it had raised ¥36.4 billion ($233 million) in the first close of a Series D round, combining $133 million of equity co-led by NTT Group and the Qatar Investment Authority with $100 million of loans from Japanese banks. The company plans to use the money to turn MujinOS into a product business and to push harder into Europe and North America, with a second close planned for 2026.

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  • Oct 16, 2025
    Hotel robot maker Yunji debuts in Hong Kong after its retail tranche is covered 5,657 times

    Beijing Yunji Technology raised HK$659.6 million in gross proceeds and began trading in Hong Kong on 16 October 2025 after retail investors subscribed for 5,657.20 times the shares on offer. A Suzhou state-owned vehicle took 39.83% of the deal, leaving a small free float behind the frenzy for a company that still loses money and earns most of its revenue from hotels.

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  • Jul 9, 2025
    Geek+ raises HK$2.71 billion as the first listed warehouse AMR maker, with Hong Kong retail demand covered 133 times

    Beijing Geekplus Technology began trading in Hong Kong on July 9, 2025 under code 2590 after selling 161,405,800 H shares at HK$16.80, raising gross proceeds of HK$2,711.62 million. The retail tranche was subscribed 133.62 times and the international book 30.17 times, while four cornerstone investors led by Xiong'an Intelligent Robotics took about 26% of the deal.

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  • Jul 1, 2025
    Amazon puts its millionth robot to work in Japan and launches DeepFleet, an AI model it says cuts fleet travel time by 10%

    Amazon said on 1 July 2025 that it had delivered its one millionth robot, to a fulfillment centre in Japan, for a fleet that now works across more than 300 facilities worldwide. It also introduced DeepFleet, a generative AI foundation model built with AWS tools that coordinates robot traffic and, by Amazon's account, improves the fleet's travel time by 10%.

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  • May 7, 2025
    Amazon unveils Vulcan, its first robot with a sense of touch, to pick and stow about 75% of warehouse items

    Amazon introduced Vulcan at its Delivering the Future event in Dortmund, Germany, on May 7, 2025, a fulfillment robot whose grippers carry force sensors so it can feel its way into crowded storage bins. The company said Vulcan can handle about 75% of the item types in its fulfillment centers and was already working in Spokane, Washington, and Hamburg, Germany, with wider rollout in Europe and the United States planned over the next couple of years.

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