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<IPO>BIoT Solutions Company Sunmi Plans HK IPO; Shareholders Include Alibaba and Meituan
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Mainland Chinese Business Internet of Things (BIoT) solutions provider Shanghai Sunmi Technology cleared the listing hearing of the Hong Kong Stock Exchange. The company's BIoT solutions mainly include smart devices and the BIoTPaaS platform, according to the information. The company's shareholders include Ant Group under BABA-W (09988.HK), MEITUAN-W (03690.HK), and XIAOMI-W (01810.HK). Based on 2024 revenue, the company is now the world's largest Android-based BIoT solutions provider, with a market share of over 10%, according to data from CIC. The company serves more than 70% of the world's top 50 food and beverage companies. The company recorded net profits of RMB160 million, RMB101 million, and RMB181 million during 2022-2024. AASTOCKS Financial News Website: www.aastocks.com |
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