Qiming Star | Mech-Mind, Global Leader in Robot Brains, Successfully Lists on Hong Kong Exchanges and Clearing Limited | Bilingual

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On September 1, 2026, Beijing time, Mech-Mind, a portfolio company of Qiming Venture Partners and a global-leading robobrain company, successfully listed on the Hong Kong Stock Exchange, becoming the first listed "Eye-Brain-Hand" company in embodied intelligence. This also marks Qiming Venture Partners' tenth IPO this year. Mech-Mind (09615.HK) priced its shares at HK$101.7 per share, achieving a market capitalization of HK$12.71 billion.

Qiming Venture Partners exclusively led Mech-Mind's Series A+ round in early 2019 and has accompanied the company throughout its growth journey. Prior to the IPO, Qiming Venture Partners held a 7.38% stake in Mech-Mind, making it one of the company's leading cornerstone independent investors under Chapter 18C of the HKEX listing rules.

Alex Zhou (left), Managing Partner of Qiming Venture Partners; Tianlan Shao (center), Chairman, Executive Director, and CEO of Mech-Mind; and Nan Chen (right), Executive Director of Qiming Venture Partners

Founded in 2016, Mech-Mind's English name reflects its mission: to build the brain for robots. It is one of the few technology companies worldwide to have achieved cross-industry, cross-scenario, and cross-regional large-scale deployment of physical AI through intelligent robotics technology. Unlike most robot manufacturers, Mech-Mind does not produce robot bodies itself. Instead, it provides standardized "Eye-Brain-Hand" intelligent components: Mech-Eye industrial 3D cameras for perception, Mech-GPT multimodal embodied foundation models for decision-making, and Mech-Hand dexterous hands for execution.

As of June 15, 2026, Mech-Mind's products have been deployed in over 29,000 units globally, applied across more than 50 typical scenarios in dozens of industries, handling over 100,000 types of goods, and serving more than 100 Fortune Global 500 companies, including CATL, BYD, Midea Group, and Foxconn.

By 2025 revenue, Mech-Mind holds approximately 22.1% market share in the global "AI + 3D vision-guided general intelligent robot components" market, ranking first. By shipment volume, its global market share exceeds 27%, surpassing the combined total of its four largest competitors. Additionally, Mech-Mind ranks first in market share in China, Japan, and North America, and is among the market leaders in Southeast Asia, Europe, and South Korea.

Tianlan Shao, Chairman, Executive Director, and CEO of Mech-Mind, stated: "The convergence of artificial intelligence and robotics represents one of the greatest opportunities of our era. Seizing this opportunity requires not the fleeting spark of genius from a select few, but sustained, dedicated effort in technology and product development. Mech-Mind remains committed to seeking truth from facts and advancing with the times, striving to combine cutting-edge technological exploration with stable, reliable product development and global customer service capabilities to continuously create real value. Qiming Venture Partners' conviction in AI technology and long-term value aligns deeply with our own. We are truly honored to have received Qiming's recognition and critical support in our early days."

Alex Zhou, Managing Partner of Qiming Venture Partners, said: "Our 2019 investment in Mech-Mind stemmed from our conviction in the vast potential of intelligent robotics, coupled with our assessment that AI applications in the physical world remained in the early stages of industrialization, with limited closed-loop implementation scenarios. Mech-Mind combines top-tier R&D capabilities with proven commercialization execution, consistently validating its products in leading global customer environments with standout performance across both domestic and international markets. We look forward to Mech-Mind becoming a core supplier of physical AI infrastructure, leveraging its mature commercialization flywheel to continuously drive long-term innovation in general embodied intelligence."

Global-Leading Robobrain Firm Mech-Mind Robotics Lists on Hong Kong Stock Exchange

Mech-Mind Robotics, a portfolio company of Qiming Venture Partners and a global-leading robobrain company, successfully listed on the Hong Kong Stock Exchange on September 1, 2026 Beijing time and became the first listed embodied intelligence "Eye-Brain-Hand" company, marking the tenth IPO for Qiming Venture Partners this year. Mech-Mind Robotics (09615. HK) issued its shares at a price of HK$101.7 per share with a market capitalization of HK$12.71 billion.

Qiming Venture Partners exclusively invested in the Round A+ financing of Mech-Mind Robotics in early 2019, accompanying the firm in its development all the way. Before Mech-Mind Robotics' IPO, Qiming Venture Partners held a 7.38 percent stake in the firm and is one of the firm's leading senior independent investors under the Chapter 18C of the Listing Rules of the HKEX.

Founded in 2016, Mech-Mind Robotics (Mech-Mind means robobrain) is one of the few technology companies in the world that has achieved cross-industry, cross-scenario and cross-regional large-scale implementation of physical AI relying on intelligent robot technologies. Different from most robot manufacturers, Mech-Mind Robotics does not produce robots, but provides "Eye-Brain-Hand" standardized intelligent components -- Mech Eye industrial 3D cameras responsible for perception, Mech-GPT multimodal embodied large models responsible for decision-making, and Mech-Hand dexterous hands responsible for execution.

As of June 15, 2026, Mech-Mind Robotics has deployed over 29,000 units of its products globally, which have been used in more than 50 typical scenarios in dozens of industries, handled over 100,000 types of goods, and served more than 100 Fortune Global 500 companies, including CATL, BYD, Midea, and Foxconn.

Calculated by revenue in 2025, Mech-Mind Robotics' market share in the global "AI+3D vision guided general intelligent robot components" market is about 22.1 percent, ranking first; Calculated by shipments, the firm's global market share exceeds 27 percent, larger than the sum of its four largest rivals ranking after the firm. In addition, the firm has the highest market share in China, Japan, and North America, and is one of the market leaders in Southeast Asia, Europe, and South Korea.

"The integration of artificial intelligence and robotics is one of the greatest opportunities of our time. Seizing this opportunity requires not a brainwave of a few geniuses, but sustained efforts in technology and product development. Mech-Mind Robotics seeks truth from facts, keeps pace with the times, strives to build capabilities to explore cutting-edge technologies, stable and reliable capabilities to develop products, and capabilities to serve customers globally, and continuously creates genuine value. Qiming Venture Partners' belief in AI technology and long-term value tallies with our company. We are very honored to have received recognition and critical support from Qiming Venture Partners in our early days," says Shao Tianlan, Chairman, Executive Director, and Chief Executive Officer of Mech-Mind Robotics.

" Qiming Venture Partners invested in Mech-Mind Robotics in 2019 for we were optimistic about the vast potential of intelligent robotics and believed the application of artificial intelligence in the physical world was still in the early stages of industrialization, and closed-loop implementation scenarios were limited. Mech-Mind Robotics boasts top R&D and commercialization capabilities, and its products are consistently used and validated by global-leading companies, with outstanding performance both at home and abroad. We expect that Mech-Mind Robotics will become a core supplier of physical AI infrastructure and reply on its mature commercialization loop to continuously drive long-term innovation in general embodied intelligence," Alex Zhou, Managing Partner of Qiming Venture Partners, stated.

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Founded in 2006, Qiming Venture Partners currently manages 11 USD funds and 7 RMB funds, with total assets under management reaching $9.5 billion. Since its inception, the firm has focused on investing in outstanding early- and growth-stage companies in Technology and Healthcare.

To date, Qiming Venture Partners has invested in over 580 high-growth innovative companies, of which more than 210 have gone public on the New York Stock Exchange, NASDAQ, Hong Kong Exchanges and Clearing Limited, Shanghai Stock Exchange, and Shenzhen Stock Exchange, or exited through mergers and acquisitions. Over 80 portfolio companies have become recognized unicorns or super-unicorns.

Many companies in Qiming Venture Partners' portfolio have grown into the most influential players in their respective fields, including Xiaomi (01810.HK), Meituan (03690.HK), Bilibili (NASDAQ:BILI, 09626.HK), Zhihu (NYSE:ZH, 02390.HK), Roborock (688169.SH), Hesai Technology (NASDAQ:HSAI, 02525.HK), UBTECH (09880.HK), WeRide (NASDAQ:WRD, 00800.HK), Hithium (688411.SH), Insta360 (688775.SH), Unisound (09678.HK), Biren Technology (06082.HK), Zhipu AI (02513.HK), Gan & Lee Pharmaceuticals (603087.SH), Tigermed (300347.SZ, 03347.HK), Zai Lab (NASDAQ:ZLAB, 09688.HK), CanSino Biologics (688185.SH, 06185.HK), Schrödinger (NASDAQ:SDGR), MicroPort EP MedTech (688617.SH), Sanyou Medical (688085.SH), Amoy Diagnostics (300685.SZ), SinoCellTech (688520.SH), Insilico Medicine (03696.HK), Hepalocure, Yuanxin Technology, MediLink Therapeutics, LaNova Medicines, StepFun, among others.