Xiaoi robot plans to go public in the United States, has sued Apple for tens of billions

Recently, little irobotOfficially submitted a prospectus to the US Securities Regulatory Commission, intending to list on NASDAQ under the stock code “XI”.

The net proceeds from the IPO of Xiaoi robot will be mainly used for research and development; investment in technology infrastructure, marketing and branding; and other general corporate purposes.

It is understood that Xiaoi Robot was established in 2001, developed and has its own intellectual property rights cognitive intelligence platform (CIAI)[Cognitive Intelligence(认知智能)AI]combining six major technologies including natural language processing, speech processing, computer vision, machine learning, emotional computing and data intelligence and super-automation.

Form AI+contact center, AI+finance, AI+city public service, AI+building, AI+metaverse, AI+manufacturing and AI+wisdomthe medicaland other diversified products and Industrial forms, and its business mainly covers basic technology platforms, conversational Robots, cloud services, industry solutions, robot solutions, etc.

In this metaverse era that has come, Xiao-i Robot said that it is vigorously implementing its metaverse strategy.

According to the prospectus, Alibaba and Geely hold 6.60% and 6.53% of the shares of Xiaoi Robot respectively, making them the top two external investors.

financial data. In 2020 and 2021, the revenue of Xiaoi Robot will be about US$13.86 million and US$32.52 million respectively; in the first half of 2022, the revenue of Xiaoi Robot will increase by 45.0% from US$8.87 million in the same period of 2021 to US$12.86 million.

In 2021, Xiaoi Robot’s net profit will be US$3.37 million, which is a turnaround from a net loss of US$7.06 million in 2020. In the first half of 2022, the net profit of Xiaoi Robot was US$590,000, and the net loss in the same period of 2021 was US$2.99 ​​million.

Xiaoi robot plans to go public in the United States, has sued Apple for tens of billions

It is worth mentioning that Xiaoi Robot once sued Apple for infringing its own technical patents and claimed 10 billion yuan. So far, it has gone to court three times, on August 18 this year, March 16 and September 28 last year. The Shanghai Higher People’s Court held a trial on 12th.

Xiao-i Robot sued Apple’s speech recognition technology Siri in Shanghai No. 1 Intermediate People’s Court for infringing its patent on June 21, 2012. The two have been fighting each other in court for 10 years.

It is reported that Xiaoi Robot sued Apple for infringing a patent called “a chat robot system”, patent number ZL200410053749.9. The mutual game of this patent lasted for eight years, and finally ended on June 29, 2020, when the Supreme People’s Court confirmed that the patent was valid.

On August 3, 2020, Xiaoi Robot filed a lawsuit against Apple and claimed RMB 10 billion. Subsequently, the Shanghai High Court has formally accepted the case. It is worth mentioning that on August 31, Xiaoi Robot also paid a huge litigation fee of more than 10 million yuan to the Shanghai Higher People’s Court.

In 2021, there will be another climax, and Xiaoi Robot will propose an injunction to the Shanghai High Court to stop selling Apple’s iPhone. The development of the case has also attracted more and more attention, and even well-known overseas media have begun to report, including Reuters and CNBC.

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