Good News on Listing | Frost & Sullivan Assists Beijing Yunji Technology Co., Ltd. in Successful Hong Kong Listing (2670.HK)

Beijing Yunji Technology Co., Ltd. (hereinafter referred to as 'Yunji') successfully went public on October 16, 2025, issuing a total of 6.9 million shares at a net raise of approximately HK$590 million.

During the process of listing in Hong Kong this time, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in completing the relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important chapters), helping the issuer complete communication with the Hong Kong Stock Exchange and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing feedback on various industry-related issues from the Hong Kong Stock Exchange.

Frost & Sullivan has always been a leader in helping companies go public in Hong Kong. According to LiveReport's big data (statistical data as of June 30, 2025), from January to June 2025, and during the past 12 and 36 months, Frost & Sullivan provided listing industry advisory services for 29 (market share 71%), 60 (market share 67%), and 164 (market share 69%) Hong Kong IPOs respectively, ranking first in terms of number. It has a wealth of industry experience and communication skills with regulatory authorities, exchanges, investment and financing institutions, and various related organizations.

• Yunji is a leading AI-powered technology enterprise for robotics services;

   

• Yunji is one of the first enterprises in the world to launch intelligent service agents for composite polymorphic robots;

   

• Yunji is one of the first robot service intelligent agents in the world to launch a fully autonomous closed-loop learning system that serves as an intelligent agent.

   

• Yunji has the largest number of users accessing its multi-layer 3D space robots online simultaneously globally, as well as the largest number of service consumers.

According to a report by Frost & Sullivan,

• Based on China's income in 2024, Yunji is the largest participant in the Chinese robot service intelligent agent market;

   

• According to China's income in 2024, Yunji ranks first in the hotel scenario of the Chinese robot service intelligent agent market;

   

• The market scale of China's service intelligent agent market grew at a compound annual rate of 19.8% from 2020 to 2024, and is expected to grow at a compound annual rate of 29.3% from 2024 to 2029.

According to the form of physical robots, the market scale of intelligent entities in China, measured by revenue, increased from RMB 127 billion in 2020 to RMB 318 billion in 2024, with an annual compound growth rate of 25.8%. It is expected to reach RMB 2240 billion by 2029, with the annual compound growth rate accelerating to 47.8% from 2024 to 2029.

Data source: Expert interviews, Frost & Sullivan

By application, the market size of China's service intelligent agent market grew at a compound annual rate of 19.8% from 2020 to 2024 and is expected to grow at a compound annual rate of 29.3% from 2024 to 2029. The Chinese-made and logistics intelligent agent market, mainly represented by AMRs and industrial collaborative robots for handling goods, also shows significant growth potential. In terms of revenue, the market size grew at a compound annual rate of 20.3% from 2020 to 2024 and is expected to grow at a compound annual rate of 45.7% from 2024 to 2029. Other applications (mainly including inspection robots and rehabilitation robots) are also expected to promote the growth of the intelligent agent market. In terms of revenue, the market size expanded at a compound annual rate of 50.4% from 2020 to 2024 and is expected to grow at a compound annual rate of 56.9% from 2024 to 2029.

Data source: Expert interviews, Frost & Sullivan

The hotel scenario is the sector with the largest market scale for robot service intelligent agents in China from 2020 to 2024, and it is expected to maintain this status until 2029. In terms of revenue, the market scale of robot service intelligent agents in the hotel scenario in China increased from RMB 600 million in 2020 to RMB 1.4 billion in 2024, with a compound annual growth rate of 21.3%. It is expected to reach RMB 5 billion by 2029, with a higher compound annual growth rate from 2024 to 2029 of 29.1%.

Data source: Expert interviews, Frost & Sullivan

In 2024, based on revenue from China, the top five participants in the Chinese robot service intelligent agent market collectively accounted for 25.4% of the total market share. In 2024, based on revenue from China, Yunji was the largest participant in the Chinese robot service intelligent agent market, holding a market share of 6.3%. The competitive landscape highlights a moderately concentrated market, with the top five participants occupying a significant but non-dominant position, while the remaining 74.6% of the market is held by smaller participants in a dispersed manner.

Data source: Expert interviews, Frost & Sullivan analysis