Alibaba-Backed Quicktron Files for Hong Kong IPO, Seeking at Least $100 Million

Quicktron Robotics, a Chinese firm backed by Alibaba and Cainiao, has confidentially filed for a Hong Kong IPO that could raise at least $100 million. The company, which makes self-driving forklifts and robots for warehouses, has over 1,000 clients including Huawei and Maersk. The IPO filing is part of Hong Kong's relaxed rules for tech and biotech firms.

Quicktron Robotics, a Chinese firm specializing in self-driving forklifts and warehouse robots, has confidentially filed for a Hong Kong initial public offering (IPO) that could raise at least $100 million [1]. The company, founded in 2014, has over 1,000 clients, including global giants like Huawei Technologies Co. and AP Moller-Maersk A/S. The IPO filing is part of Hong Kong's relaxed rules for tech and biotech firms, which previously reserved such filings for companies listed on another exchange.

Quicktron's backers include Alibaba Group Holding Ltd.'s Cainiao logistics arm and a venture-capital fund under Saudi Arabian Oil Co. Last year, the company raised more than $100 million in a funding round. The IPO filing comes as Quicktron joins the growing list of firms leveraging confidential filings to take advantage of Hong Kong's more accommodating regulatory environment.

The company's focus on self-driving forklifts and warehouse robots aligns with the global trend towards automation and efficiency in logistics and warehousing. Quicktron's clients include major players in the industry, indicating the company's potential for growth and market penetration.

Deliberations regarding the size and timing of the IPO are ongoing, with the possibility of changes based on market conditions and regulatory approvals. Quicktron has not yet commented on the IPO filing.

References:
[1] https://www.bloomberg.com/news/articles/2025-09-02/alibaba-backed-robot-firm-quicktron-is-said-to-file-for-hong-kong-ipo