Hong Kong stocks welcome "the global leader in the commercial Internet of Things", Sunmi Technology plans to raise over 1 billion Hong Kong dollars.

Leading global commercial IoT company Xiaomi Technology launched its IPO today, offering a total of 42.6268 million shares globally, priced at HK$24.86, raising approximately HK$1.06 billion. It is expected to be listed on April 29th. The company is a leading provider of commercial IoT infrastructure worldwide, with the largest enterprise application market globally. Its BIoT+AIOS system is driving the global business digitization towards business intelligence. The company has been profitable for consecutive reporting periods, with 75% of its revenue coming from overseas. Strategic support from Ant Group, Meituan, and Xiaomi has propelled it into a new stage of AI-driven business intelligence development.