CES 2026 takeaway: memory-rich end-to-end agents will replace toolkits within 24 mos; charge early—AI inference cost kills freemium.
Acorn Pacific Ventures' Benny Liao stated at CES 2026 AI Demo Day that founder relocation to target markets has become a core due diligence metric for AI overseas expansion. Liao emphasized that founders must personally handle Product-Market Fit, sales models, and customer engagement on the ground, warning that remote management fails. Key screening criteria include signal-based localization prioritization, compliance as a veto item, young generalist hiring over senior executives, Net Revenue Retention as the primary health indicator, and paid proof-of-concept as PMF validation. The discussion highlighted that early-stage scaling requires functional separation between sales "hunting" and Customer Success teams to avoid premature hiring pitfalls.
NewTimeSpace Report Insights from the 2026 CES closed-door forum show AI firms must solidify domestic business models before overseas expansion. Compliance tops the priority list, with founders relocating to target markets, local talent recruitment and paid POC for demand validation emerging as core hard metrics for 2026 AI globalization.
HKEX 2025 IPOs: HK$285B, #1 globally. 18C tech firms led. NewTimeSpace AI converts hard-tech metrics to value profiles, bridging gaps. NTS enables instant creation & global distribution.
Galaxis Technology has re-submitted its listing application to the Hong Kong Exchanges and Clearing Limited (HKEX) in recent days. According to data from Frost & Sullivan, based on shipment volume in 2024, the company is the largest supplier in China's Very Narrow Aisle Autonomous Mobile Robot (VNA AMR) sector, with a market share of 19.3%. The prospectus shows that the company recorded an operating revenue of RMB 721 million in 2024, yet it has not achieved profitability during the reporting period, with a significant cumulative loss.
J&T Express (1519) announced its operating data for the fourth quarter and the full year of 2025. The annual package volume reached 30.129 billion, an increase of 22.2% year-on-year. Among them, the Southeast Asian market grew by 67.8% to 7.659 billion, and the new market grew by 43.6% to 404 million. The total package volume in the fourth quarter was 8.461 billion, an increase of 14.5% year-on-year. As of the end of 2025, the number of outlets in Southeast Asia increased to 10,800, and the number of trunk vehicles increased to 5,800. The company plans to hold a conference call on January 7, 2026, and the relevant data is unaudited.
Beijing Roborock Technology has obtained CSRC filing approval for its proposed Hong Kong IPO of up to 33,108,000 shares. The filing is valid for 12 months, requires reporting of material events and post-listing details within 15 working days, and does not represent CSRC's endorsement of investment value or accuracy of materials.
UISEE Technology (Beijing) has obtained CSRC filing approval for its proposed Hong Kong IPO of up to 18,914,150 shares and conversion of 112,264,250 domestic shares held by 41 shareholders into H-shares for circulation. The filing is valid for 12 months, requires reporting of material events and post-listing details within 15 working days, and does not represent CSRC's endorsement of investment value or accuracy of materials.
Beijing Haizhi Technology Group has received CSRC filing approval for its proposed Hong Kong IPO of up to 47,584,600 shares and conversion of 372,400,480 domestic shares held by 40 shareholders into H-shares for circulation. The filing is valid for 12 months, requires reporting of material events and post-listing details within 15 working days, and does not represent CSRC's endorsement of investment value or accuracy of materials.
Air China (00753) announced that its wholly-owned subsidiary Easerich will place 108.08 million Cathay Pacific shares (approximately 1.61% of issued shares) with Morgan Stanley at HK$12.22 per share, expecting to realize a pre-tax profit of about RMB182 million. Post-transaction, Air China's stake will decrease to 27.11%, maintaining its position as an important strategic shareholder. The placement does not constitute a notifiable or connected transaction under Hong Kong Listing Rules and includes a 180-day lock-up period.
JXR(1951.HK) reported that its total IVF egg retrieval cycles reached 28,039 in 2025, narrowing the year-over-year decline to 1.4% and essentially recovering to 2024 levels. The Chengdu flagship hospital was a standout performer with 14,070 cycles, representing 1.3% growth, while the Greater Bay Area operation improved its decline from 13.5% in the first three quarters to 5.9% for the full year. Overseas markets (U.S. and Laos) also showed recovery, with the decline narrowing from 10.8% to 6.9%. The company has completed liquidation of its Laos operations.
OneRobotics (stock code: 06600.HK) was listed on the Hong Kong Exchanges and Clearing Limited (HKEX) on December 30. On the following day, its shares closed 9.21% higher at HK$80.65, with a market capitalization of nearly HK$18 billion, earning it the title of "the first AI Embodied Home Robot Stock". Founded in Shenzhen in 2015, the company is headquartered in the city and houses its global sales and intelligent computing hubs in Hong Kong, focusing on the R&D of AI home robots. It has secured strategic investment from the Hong Kong Investment Corporation Limited (HKIC) as well as early backing from renowned semiconductor experts Li Zexiang and Gao Bingqiang.
