Zhejiang University professor-founded Jiazhi Technology files again for Hong Kong IPO
Jiazhi Technology, an industrial mobile robotics company founded by Zhejiang University professor Xiong Rong and members of her lab, has filed again for a main-board listing in Hong Kong under Chapter 18C. The company traces its roots to the university’s early robotics work, where Xiong led students in building Zhejiang University’s first FIRA soccer robot in 2001 and later guided teams that won four small-size robot soccer World Cup titles, including a 1-0 final victory over Germany’s ER-Force in 2019. In March this year, the International Federation of Robotics named Xiong to its list of the 11 Women Shaping the Future of Robotics 2026, where she was the only Chinese honoree. Jiazhi was founded in Hangzhou in July 2016 with registered capital of 5 million yuan. Its prospectus shows revenue of 74.95 million yuan, 110 million yuan, and 260 million yuan in 2023, 2024, and 2025, respectively. Revenue in the first half of 2026 reached 169 million yuan, up 25% year over year, with 891 robots shipped and contracts on hand of about 500 million yuan at period end. Robot solutions generated 147 million yuan, or 87.3% of total revenue, in the first half of 2026.








