SUNMI

SUNMI is a Chinese commercial IoT company that positions itself as the world's largest Android-based BIoT (Business Internet of Things) solutions provider, with over 10% global market share according to CIC data . Founded in 2013, the company went public on the Hong Kong Stock Exchange in April 2026 (ticker: 6810) after its IPO drew over 2,000 times oversubscription .

SUNMI's core business model integrates smart hardware with its proprietary PaaS platform and AI capabilities. It manufactures connected commercial devices—POS terminals, kiosks, and other equipment—while offering the SUNMI OS operating system and low-code development tools that allow merchants and developers to build applications . The company serves more than 70% of the world's top 50 food and beverage companies and covers over 70% of China's top 100 restaurant brands, with products deployed across 200+ countries and regions .

Financially, SUNMI has been consistently profitable, reporting revenue of RMB 3.82 billion in 2025 with net profit of RMB 223 million; approximately 75% of revenue comes from overseas markets . The company is now pushing into what it calls "BIoT 3.0" and "physical AI," embedding on-device AI capabilities into its third-generation products and planning an AI agent called SUNMI CLAW .

Heart Capital, which first invested in SUNMI in 2017 through founding partner Han Yan's earlier fund, was among the company's early backers alongside Xiaomi, Meituan, and Ant Group .