Industrial AI firm SmartMore seeks Hong Kong IPO
- ByStartupStory | March 17, 2026
SmartMore is a 2019 industrial AI firm for intelligent manufacturing and has applied to list in Hong Kong.
It was the inaugural investment of the Hong Kong Investment Corporation (HKIC), which has backed more than 190 projects and taken 10 firms public.
The company posted 2025 revenue above 1 billion yuan (US$145.17 million), up 44% year-on-year, with adjusted net loss narrowing 28% to 272 million yuan (US$39.48 million).
Clients named include Tesla and Apple suppliers Luxshare and Goertek, and the filing said 40% of revenue came from specialized robots that have inspected more than 17 billion products.
Earlier rounds included a US$150 million series B and a US$128 million series C, valuing the company at about US$1.2 billion. Backers include IDG Capital, Lenovo, and HongShan Capital.
🔗 Source: South China Morning Post
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