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<IPO>CN Robovan Operator, Zelos Technology, Reportedly Plans HK IPO to Raise ~USD600M
Chinese robovan operator, Zelos Technology, is planning to list in Hong Kong, which may raise approx. US$600 million, Bloomberg quoted insiders as saying. The Company is in discuss...
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<IPO>CN Robovan Operator, Zelos Technology, Reportedly Plans HK IPO to Raise ~USD600M
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Chinese robovan operator, Zelos Technology, is planning to list in Hong Kong, which may raise approx. US$600 million, Bloomberg quoted insiders as saying. The Company is in discussions with banks regarding the potential listing.

Founded in 2021, Zelos Technology operates more than 25,000 vehicles in mainland China, providing L4 (highly automated) delivery trucks. Cainiao, the logistics arm of Alibaba Group Holding Limited, became a shareholder in the Company this year through a capital injection of an undisclosed amount.

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