Beijing Ubox Online Technology Corp, a smart vending machine operator backed by Ant Group, filed a draft prospectus for an initial public offering in Hong Kong. Photo: Handout
Ant Group-backed smart vending machine start-up Ubox seeks Hong Kong IPO after failing to list in A-shares market
- Beijing Ubox Online Technology Corp had been working for more than four years to list on the A-shares market, but withdrew its IPO application last year
- The company recorded over US$204 million in total losses over the past two years, which it blamed on the coronavirus pandemic
Beijing Ubox Online Technology Corp, a smart vending machine operator backed by Ant Group, filed a draft prospectus for an initial public offering in Hong Kong. Photo: Handout
