Fengyi Technology Files for HKEX Listing, Aiming to Be "The First Smart Retail Cabinet Stock"
NewTimeSpace News: As disclosed by HKEX, Shenzhen Fengyi Technology Group Co., Ltd. filed its Main Board listing application with the Hong Kong Stock Exchange on June 10, 2026, with ABC International serving as the sole sponsor.
Fengyi Technology is an AI-powered retail enterprise. Per Frost & Sullivan data, it is China's largest smart retail cabinet operator measured by the number of installed retail cabinets and gross merchandise volume in 2025. The company develops smart retail cabinets at roughly 30% of the cost of traditional vending machines, and has created a shopping experience featuring "scan code to open door and automatic settlement upon door closing". As of December 31, 2025, the company's service network covered 183,980 locations across 72 cities, having served more than 80 million cumulative consumers.
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