Following IPO, Ecovacs Looks To Amazon Prime Day For Continual Expansion

Amazon's Prime Day is July 16. Chinese tech IPOs are the talk of the town this week following Xiaomi's listing on the Hong Kong Stock Exchange. In spite of its less-than-ideal debut, analysts expect a flood of Chinese tech firms--including Jack Ma-backed Ant Financial and online food delivery service Meituan-Dianping--to go public this year. A month ago, another Chinese tech company with grand ambitions had already made the jump: Ecovacs Robotics, whose line of robot vacuum cleaners dominate its native Chinese market and on Amazon.com. Headquarted in Suzhou, Ecovacs raised 803 million yuan ($121 million) when it listed on the Shanghai Stock Exchange on May 28, making its founder, Qian Dongqi, a billionaire.