Market Chatter: Chinese Service Robot Maker Pudu Robotics Eyes Hong Kong Listing

MT Newswires Live06-03

Chinese service robot maker Pudu Robotics is preparing for a Hong Kong listing, Nikkei Asia reported Wednesday, citing founder and chief executive Felix Zhang.

Speaking on the sidelines of the Beyond Expo technology exhibition in Macau, Zhang said the listing would support the company's international expansion, though he did not provide a timetable, according to the report.

Zhang reportedly added that the overseas markets account for the majority of Pudu's business, with Europe and the U.S. contributing about 60% of revenue, compared with less than 20% from China.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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