OneRobotics
Shenzhen maker of SwitchBot retrofit home robots, smart home sensors and hubs, listed in Hong Kong since December 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.
Subject - China's top planner warns of a humanoid robot bubble as more than 150 makers crowd the market
The National Development and Reform Commission said on November 27, 2025 that China now has more than 150 humanoid robot companies, over half of them start-ups or entrants from other industries, and that it must guard against near-identical products flooding the market. The agency said it will build industry standards plus entry and exit rules for embodied AI, even as listed and private robot makers raised billions in the same weeks.
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