TMTPOST — Chinese robotics developer PaXini Tech is preparing for an initial public offering on the Hong Kong Stock Exchange later this year, according to people familiar with the matter on Wednesday. The preparatory timeline remains slow, as institutional investors have yet to dispatch personnel and required pre-listing auditing procedures have not commenced as of early May. PaXini, a specialist in tactile sensors and humanoid robotics engineering, stated that the company has no public disclosure arrangements at this stage. Electric vehicle manufacturer BYD Co. serves as a strategic investor in the firm, maintaining supply chain partnerships for factory automation equipment and specialized robotic components.