Meituan-Backed AI Robotics Firm Mech-Mind Is Said to Plan HK IPO

Mech-Mind Robotics Technologiesis planning an initial public offering in Hong Kong to raise about $200 million, according to people familiar with the matter.

The Meituan-backed artificial intelligence robotics firm is working with advisers and has filed confidentially for a share sale, the people said, asking not to be identified because the information isn’t public. Details of the offering including size haven’t been finalized, the people added.

Mech-Mind would be joining other AI-related companies going public in Hong Kong as investor interest in them grows, with Chinese tech firms ramping up spending in the race for supremacy in AI. ...