Hotel Robotics Firm Yunji Jumps 26% in Hong Kong Debut
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Yunji’s income remains highly concentrated in the hotel sector, which accounted for 93.2% of revenue in the first five months. Photo: Yunji
Shares of Yunji Technology Co. Ltd., a maker of hotel service robots, surged 26.1% on their first day of trading in Hong Kong on Thursday, signaling robust investor appetite for artificial intelligence and robotics stocks.
The stock closed at HK$120 ($15.4), up from its initial offering price of HK$95.6. The Beijing-based company raised HK$660 million through the sale of 6.9 million shares. At its peak during the session, the stock jumped as much as 49.4%, giving Yunji a market capitalization of about HK$8.3 billion.
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- Yunji Technology's Hong Kong IPO saw shares surge 26.1%, raising HK$660 million, with a peak market cap of about HK$8.3 billion.
- The Beijing-based, unprofitable robotics firm relies on hotel clients for 93% of revenue, which rose to 244.8 million yuan in 2024.
- Yunji plans to use IPO proceeds for diversification into hospitals, factories, and offices, expanding beyond delivery robots to new AI-powered products.
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Who’s Who
- Yunji Technology Co. Ltd.
- Yunji Technology Co. Ltd. is a Beijing-based maker of hotel service robots, founded in 2014. They recently had a strong debut on the Hong Kong stock exchange, reflecting investor interest in AI and robotics, despite being unprofitable. Yunji plans to expand beyond the hospitality sector into hospitals, factories, and offices, utilizing proceeds to diversify their robot offerings.
- Tencent Holdings Ltd.
- Tencent Holdings Ltd. is an investor in Yunji Technology Co. Ltd., a company specializing in hotel service robots. Tencent's investment arm has backed Yunji through one of its eight fundraising rounds prior to Yunji going public. By investing, Tencent supported Yunji's development in artificial intelligence and robotics solutions.
- Lenovo Group Ltd.
- **Lenovo Group Ltd.** is an investment backer of Yunji Technology Co. Ltd., a Beijing-based company that recently went public in Hong Kong. Yunji, a maker of hotel service robots, also counts Tencent Holdings Ltd. among its investors.
- Feidian Management
- Feidian Management is a private equity firm that has invested in Yunji Technology Co. Ltd., a Beijing-based company specializing in hotel service robots. This firm is one of Yunji's backers, having participated in one of their eight fundraising rounds before the company went public in Hong Kong.
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What Happened When
- 2014：
- Yunji Technology Co. Ltd. was founded.
- 2022：
- Yunji posted a net loss of 365.4 million yuan and total revenue of 161.3 million yuan.
- 2023：
- Yunji posted net losses of 264.5 million yuan and total revenue of 145.2 million yuan.
- 2024：
- Yunji posted a net loss of 185 million yuan and total revenue of 244.8 million yuan; hardware revenue was 188.9 million yuan and software revenue was 55.9 million yuan; hotel sector accounted for 83% of total revenue.
- First five months of 2025：
- Yunji's loss widened by 40.9% year-on-year to 118.3 million yuan; revenue for the period was 88.3 million yuan; hotel sector accounted for 93.2% of revenue.
- August 2025：
- A Yunji executive told Caixin that the company is rolling out front-desk-replacement technologies and piloting laundry delivery robots.
- Before October 16, 2025：
- Yunji completed eight fundraising rounds before going public.
- October 16, 2025：
- Yunji Technology Co. Ltd. debuted on the Hong Kong Stock Exchange, raising HK$660 million, with shares surging up to 49.4% intraday and closing up 26.1% at HK$120.
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