Herbert Smith Freehills Kramer advised underwriters on Yinji Technology’s Hong Kong IPO
Herbert Smith Freehills Kramer advised CITIC Securities (Hong Kong) Limited, CLSA Limited, CCB International Capital Limited, and other underwriters on Beijing Yunji Technology Co., Ltd. (02670.HK)’s H-share listing on the Main Board of the Hong Kong Stock Exchange. The IPO marks the sixth listing under Chapter 18C, a regime introduced by the Hong Kong Stock Exchange in March 2023 for specialist technology companies.
Yunji Technology provides robots and functional kits supported by an AI digitalisation system and leads the market in hospitality robotic-based AI agents, adapting to diverse scenarios. In 2024, the company ranked first in China’s hospitality AI agent market and led globally in daily average concurrent robot operations. Backed by eight rounds of pre-IPO funding, Yunji attracted top-tier investors including Alibaba, Lenovo, Tencent, Qiming, and Ctrip.
Herbert Smith Freehills Kramer’s cross-office team advising the underwriters was led by Matt Emsley (Partner), Stanley Xie (Partner, Beijing) and Jin Kong (Senior Registered Foreign Lawyer, Hong Kong), assisted by Jean Ji, Crystal Chan, Ting Wang, Yue Pei, Bo Tong, and Eric Zhou.
Legal manager Marine Jin led Herbert Smith Freehills Kewei Joint Operation’s Digital Legal Delivery business, supported by Grace Ji, Carol Wan, Chunqin Li, and Jemma Gao, providing high-efficiency solutions for verification and other document-intensive processes during the listing.
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