Market Chatter: Meituan-Backed Mech-Mind Weighs Hong Kong IPO

MT Newswires Live

Sep 24

Mech-Mind Robotics Technologies, an artificial intelligence robotics firm backed by Meituan (HKG:3690), is preparing for a Hong Kong initial public offering to raise about $200 million, Bloomberg News reported Wednesday, citing people familiar with the matter.

The Chinese firm has confidentially filed for the share sale and is working with advisers, though details such as size and timing remain undecided, according to the report.

Founded in 2016, Mech-Mind makes industrial 3D cameras and AI-powered robotics software for tasks including bin picking, assembly, and quality inspection.

The company last raised capital in 2021 through a Series C round led by Meituan and HongShan Capital Group, formerly known as Sequoia Capital China.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1142","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2569413776","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2569413776","pubTimestamp":1758701707,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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