China Business Internet of Things (BIoT) Solution Company Shanghai Sunmi Technology-W Hong Kong IPO to Raise $135 Million at $965 Million Valuation with Expected IPO Listing on 29th April 2026, Founded in 2013 by Jack Lin Zhe, Investors Include Xiaomi, Meituan Dianpin & Ant Financial
25th April 2026 | Hong Kong
China Business Internet of Things (BIoT) Solution company Shanghai Sunmi Technology-W Hong Kong IPO is raising $135 million at $965 million valuation, with expected IPO listing on 29th April 2026. Shanghai Sunmi Technology-W was founded in 2013 by Jack Lin Zhe. Shanghai Sunmi Technology-W investors include Xiaomi, Meituan Dianpin & Ant Financial. Shanghai Sunmi Technology-W – We are a leading global Business Internet of Things (BIoT) solution provider. Our disruptive solutions integrate smart hardware, software, and data insights to enable the digital transformation of a vast array of offline commercial scenarios, streamlining essential business operations such as payments, membership management, order fulfillment, inventory control, and workforce management. Today, we are the largest Android-based BIoT solution provider in the world in terms of revenue in 2024, with a market share of over 10%, according to CIC. According to the same source, the market for Android-based BIoT solutions is expected to experience growth over the next five years, with CAGR of 23.7% from 2024 to 2029. We possess a track record of product and technology innovations in smart device design and engineering, PaaS platform and software technologies, and AI-driven data analytics in the BIoT industry. Since we first launched our V1, the world’s first all-in-one BIoT terminal, this innovation has helped us to surpass US$100 million in global revenue within just three years, establishing us as an industry leader and the youngest company among the top ten industry players. Our BIoT solutions mainly include smart devices and BIoT PaaS platform. Each of our smart devices is powered by our proprietary operating system, namely SUNMI OS, allowing merchants to efficiently manage and optimize their transactions and operations. Our BIoT PaaS platform offers a unified software infrastructure equipped with ready-to-use development tools that enable merchants and developers to efficiently develop, manage and upgrade vertical-specific software applications for use on smart devices. According to CIC, we have served over 70% of the world’s top 50 food and beverage enterprises. In China, we have achieved over 70％coverage among top 100 food and beverage brands and over 60% coverage among top 100 chain stores. As of December 31, 2025, our solutions were deployed in over 200 countries and geographic regions, covering more than 90% of the world’s markets, including all G20 countries. During the Track Record Period, the majority of our revenue derived from overseas market, which accounted for 67.7%, 78.0% and 74.9% of our total revenue in 2023, 2024 and 2025, respectively. In addition to serving businesses and merchants, we also empower software developers, with a blueprint to build the world’s largest developer ecosystem for commercial and merchant applications.
“ China Business Internet of Things (BIoT) Solution Company Shanghai Sunmi Technology-W Hong Kong IPO to Raise $135 Million at $965 Million Valuation with Expected IPO Listing on 29th April 2026, Founded in 2013 by Jack Lin Zhe, Investors Include Xiaomi, Meituan Dianpin & Ant Financial “
![](https://www.caproasia.com/wp-content/uploads/2025/08/Air-Charter-Service-728x90-1.png")
China Business Internet of Things (BIoT) Solution Company Shanghai Sunmi Technology-W Hong Kong IPO to Raise $135 Million at $965 Million Valuation with Expected IPO Listing on 29th April 2026, Founded in 2013 by Jack Lin Zhe, Investors Include Xiaomi, Meituan Dianpin & Ant Financial
Caproasia Users
- Manage $20 million to $30 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2026 Investment Day
- March - Hong Kong
- March - Singapore
- April - Hong Kong
- April - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
