Mint Partners with Yunji Technology to Develop Next-Gen Commercial Service Robots — Mint Incorporation Limited

Event summary

Mint's subsidiary Axonex Intelligence signed a binding contract with Yunji Technology on August 22, 2026, to co-develop a next-generation commercial-grade service robot.
Yunji Technology will lead system architecture, hardware design, and mass production, integrating Axonex’s AI intelligence control platform.
Rice Robotics, a majority-owned joint venture of Mint, will provide technology licensing and intellectual property support.
The initial production volume is estimated at approximately 1,000 units in the forthcoming year, with an expected annual revenue of HK$50-100 million.

The big picture

This strategic alliance combines Mint’s AI capabilities, Yunji’s robotics expertise, and Rice Robotics’ market reach in Asia. The partnership aims to set new industry standards for commercial-grade service robots, targeting high-growth markets in Southeast Asia and Japan. The deal underscores the increasing convergence of AI and robotics in commercial applications, with potential implications for operational efficiency and customer experiences.

What we're watching

Market Penetration: How Mint will leverage Yunji’s commercial and hospitality expertise to penetrate emerging markets across Southeast Asia, Japan, and mainland China.
Execution Risk: Whether the partnership can successfully integrate AI technology with hardware design and mass production to meet market demands.
Revenue Growth: The pace at which the commercial cleaning robot market will grow, given the projected annual revenue of HK$50-100 million.