Tencent-Funded Yunji Technology Prepares for STAR Market Listing
CITIC Securities released an announcement on February 11 that Beijing Yunji Technology Co., Ltd. has recently completed an initial public offering of A shares, and is preparing for counseling and filing to list on the Shanghai Sci-Tech Innovation Board (STAR Market). CITIC Securities is serving as the counseling institution from February to May this year.
Yunji Technology was established in 2014, and mainly develops service robot products. It has upgraded robot products six times, and has developed three generations of robots. These products are mainly applied in hotels, buildings, government service halls, shopping malls and other scenarios, and provide services such as retail, delivery, guidance, explanation and work patrols. They are highly recognized by the industry as leading products in hotel scenarios.
Yunji products now function in more than 500 cities and 20 countries and regions, having reached cooperation with about 15,000 hotels, including Marriott, Hilton, WeHotel, BTG Homeinns, Huazhu and other brands.
According to industrial and commercial information, Yunji Technology has completed 10 rounds of financing, and its investors include Tencent, Lenovo Capital and Incubator Group, Trip.com International, Qiming Venture Partners, China Mobile Innovation Industry Fund, and CITIC Securities.
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Zhi Tao and Hu Quan are the controlling shareholder and actual controller of Yunji Technology, holding 9.73% and 7.30% of shares, respectively. In addition, Zhi and Hu directly and indirectly control 36.52% of voting rights for Yunji through the employee stock ownership and concerted action relationship.