PaXini Tech, the Shenzhen-based maker of high-precision tactile sensors and dexterous robotic hands, is exploring a Hong Kong initial public offering and could file with the exchange in the coming months, according to a Bloomberg report dated June 3, 2026. The company is backed by Chinese new energy vehicle giant BYD and e-commerce platform JD.com, and is working with investment banks on the deal.
A 10 billion yuan valuation and growing investor demand
The Shenzhen-based company raised more than 1 billion yuan (about $148 million) in a funding round in March that pushed its valuation above 10 billion yuan. Backers include BYD, JD.com, SenseTime and roughly 14 other domestic and overseas investors, with BYD adding a strategic investment in April 2025 as part of its broader push into robotics that also includes Agibot.
Tora-One on Geely's production line
PaXini's flagship Tora-One multi-dimensional tactile humanoid robot has been deployed on the Qiantang manufacturing line of Chinese auto giant Geely Auto, where it handles flexible automotive tasks such as wiring harness assembly and pasting. According to a statement last month, Tora-One achieved eight hours of continuous operation with zero anomalies and a 99.8% task success rate, significantly cutting labor cost.
The company's in-house OmniVTLA 2.0 multimodal large model raises high-precision tactile perception into a core decision-making modality, breaking with traditional vision-language-action models that can only see but not feel. Goldman Sachs and Morgan Stanley have both flagged PaXini as upstream infrastructure for the era of embodied intelligence, with Goldman estimating PaXini holds more than 80% of the global robotic tactile sensor market.
China's humanoid IPO wave
PaXini would join a wave of Chinese robotics listings tapping renewed investor appetite. EngineAI filed confidentially for a Hong Kong IPO last week, while Unitree's 4.2 billion yuan Shanghai STAR Market IPO was approved on June 1, and Beijing Galbot has filed in Hong Kong. A successful PaXini listing would fund expansion of the company's super data collection factories and accelerate development of its OmniVTLA full-modality world model.
What it signals
PaXini has driven the unit cost of its multi-dimensional tactile sensors as low as 199 yuan by integrating in-house chip design and packaging, transforming tactile robotics from a lab specialty into a mass-producible industrial component. A Hong Kong listing would convert that supply-chain leverage into the funding needed to scale humanoid deployments across BYD, Geely and a widening set of automotive and logistics customers.
Reporting based on coverage from Bloomberg and CnEVPost.