---
title: "Xiao-i Robot Lists on Nasdaq (AIXI) — China ChatGPT-App Pioneer Goes Public"
author: "Unique Research"
sourcePublication: "Unique Research (FFCAP English library)"
originalPublishedAt: "2023-03-21T18:25:16+08:00"
canonical: "https://ffcap.cn/en/research/20230321a07x5300"
source: "https://ffcap.cn/en/research/20230321a07x5300"
language: "en"
cnSourceUrl: "https://view.inews.qq.com/a/20230321A07X5300"
---

# Xiao-i Robot Lists on Nasdaq (AIXI) — China ChatGPT-App Pioneer Goes Public

_Unique Research · Insight · March 21, 2023 · Full rewrite — not a stub_

On **Mar 9, 2023**, **Xiao-i Robot** (AIXI.O) listed on Nasdaq — day-1 market cap ~$420M; opened $6.80 (=IPO), traded $7.47–$6.12, closed $5.81 (−14.56%). IPO: 5.7M ADSs (~1/3 of ordinary shares) for R&D, marketing/brand, working capital. H1’22: revenue $12.86M, NI $0.59M, GM 71.07%.

**History.** Incesoft founded 2001 (C2C AI) → 2009 pivot B2B + VIE Xiao-i brand/tech; Incesoft dissolved 2012. Frost & Sullivan: leading China CS AI vendor; >800M global end users; cited >90% China intelligent CS share. 4 R&D centers, 280+ engineers, 50+ external experts, 10+ university partners; 20+ years NLP/cognitive AI.

**Ownership (pre→post IPO).** Yuan Hui 14.72%→13.5%; Li Aini 9.58%→8.79%; Zhu Pinpin 7.54%→6.92%; Alibaba 6.6%→6.05%; Geely Holding 6.53%→5.99%; Jiaxing Chiyu 5.44%→4.93%; Tianjin Haiyin 5.18%→4.75%. Cayman HoldCo; ADSs = Cayman shares not VIE equity.

**Nine platforms:** conversational AI; knowledge engineering; AICC+; NLP; AutoML; workflow automation; data intelligence (full lifecycle + WYSIWYG viz → BI/prediction); smart construction (blueprint parse/rebuild/viz/multi-dim analysis, auto review, collab design); vision analytics (OCR/defect/monitor); smart-hardware signal framework; metaverse / multimodal digital humans (first 2016; Guiyang Big Data Expo 2017) for film/media/games/finance/culture/tourism/edu/healthcare/retail.

**Verticals:** AI+ contact center (voice assistants for SMB→enterprise), finance, city public services (hotline / public / legal), architecture (CV+NLP blueprint AI), metaverse, manufacturing, smart healthcare. Software + cloud sales.

**Financials.** Revenue $13.86M (2020) → $32.52M (2021, +134.7%, NI $3.37M after 2020 −$7.06M loss) → $12.86M H1’22. Driver: rising domestic labor costs pushing robot adoption; software/cloud GMs lifting overall GM.

_CN prospectus charts; attach on ingest._

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Editorial English edition published on UniqueCapital: https://ffcap.cn/en/research/20230321a07x5300
On-site reading page: https://ffcap.cn/en/research/20230321a07x5300