Alibaba-Backed Zelos Is Said to Plan Hong Kong IPO to Raise About $600 Million

Chinese robovan operator Zelos Technology is planning an initial public offering in Hong Kong that could raise about $600 million, according to people familiar with the matter.

The company formally known as Jiushi Suzhou Intelligent Technology Co. is in discussion with banks for a potential listing, the people said, asking to remain anonymous because the information isn’t public.