About PATEO
PATEO is a publicly listed company based in Shanghai (China) founded in 2009. Saas AI enabled infotainment solutions for connected vehicles. PATEO has raised $638.88 million across 13 funding rounds from investors including Xiaomi, Haier and Ping An. Its website pateo.com.cn draws about 92 thousand monthly visits. Its focus areas include Connected Vehicles, In Vehicle Infotainment, Infotainment System and Auto Tech.
Company details
Pateo providesSaas AI enabled infotainment solutions for connected vehicles. It offers products that include connected car solutions packages for automotive OEMs including infotainment systems with related hardware and cloud-based telematics services. It has developed a smart car platform for OEMs to develop their infotainment dashboards and provide connected car services. It also has aftermarket products.
- Headquarters Shanghai, China
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website pateo.com.cn/en
- Legal Name Pateo Connect Technology (Shanghai) Corporation Class H
- Annual Revenue$489.46 M (USD)37.3as on Dec 31, 2025
- Net Profit-$152.87 M (USD)-102.06as on Dec 31, 2025
- EBITDA-$128.47 M (USD)-92.21as on Dec 31, 2025
- Total Equity Funding$638.88M (USD)
in 13 rounds
- Latest Funding Round$208.02M (USD), Series D
Mar 2024
- InvestorsXiaomi
& 13 more
Funding Insights of PATEO
PATEO has successfully raised a total of $638.88M across 13 strategic funding rounds. The most recent funding activity was a Series D round of $208.02 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $638.88M
- Total Rounds 13
- Last Round Series D — $208.02M
- First Round $18.83M
(Nov 2015)
- Investors Count 14
Latest 10 of 13 funding rounds of PATEO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $208.02M | Series D | – | – | – |
| Nov 2022 | $41.19M | Series C | – | – | |
| Jun 2022 | $149.36M | Series C | – | – | |
| Mar 2022 | $47.35M | Series B | – | – | |
| Aug 2021 | $128.03M | Series B | – | FAW Group Corporation | |
| Oct 2020 | Series B | – | Haier Capital | – | |
| Jul 2020 | Series B | – | Haier | – | |
| Apr 2020 | Series B | – | Xiaomi | – | |
| Mar 2020 | Series A | – | Dongfeng Motor | – | |
| Feb 2019 | Series A | – | Suning Holdings Group | – |
14 investors in total: 14 institutional.
Investors in PATEO
PATEO has secured backing from 14 investors, including institutional and venture fund investors. Prominent investors backing the company include Xiaomi, Haier and Ping An.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
| sh-gsg.com | ||||
| haiercapital.com | ||||
| cqrhcapital.com | ||||
| ryanfund.com.cn | ||||
| sh-gsg.cn | China | |||
Life and non-life insurance, banking, and financial services are provided. | 1987 | pingan.com | Shenzhen, China | |
| jgshfund.com | ||||
Produces high-quality automotive products. | 1953 | faw.com | Changchun, China | |
Operates as a professional wealth management firm offering strategic financial services. | 2010 | ccbtrust.com.cn | Beijing, China | |
Multi-category consumer electronics are offered through an internet-first model. | 2010 | mi.com | Beijing, China |
Investor details for PATEO
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PATEO
1 people are tracked at PATEO (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ken Ying | Founder & CEO | Leadership |
Complete people profiles for PATEO
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of PATEO
PATEO is a publicly listed company on the HKEX with ticker symbol 2889 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date30 Sep 2025
- Listed onHKG: 2889
- Listed entityPATEO CONNECT Technology (Shanghai) Corporation Class H
- Exchange sectorTechnology services
- ISINCNE1000074M0
- Share price60.65 HKD (+11.9% on the day) · 2026-10-14
- Market capitalisation9,035,439,423.00 HKD
- EPS (diluted, trailing year)-8.61 HKD
- Volume (last session)1,414,884
Financials of PATEO
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 3.81B HKD | -1.19B HKD | -1.00B HKD |
| 2024 | 2.77B HKD | -586.8M HKD | -521.0M HKD |
| 2023 | 1.65B HKD | -313.7M HKD | -364.1M HKD |
| 2022 | 1.42B HKD | -525.7M HKD | -490.1M HKD |
| 2021 | 1.04B HKD | -448.4M HKD | -405.0M HKD |
Detailed financial statements for PATEO
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of PATEO
4 dated milestones of PATEO across 16 years, from founding to its latest funding, stage changes and deals.
- Founded PATEO is founded.
- Funding First funding round of $18.8M.
- Funding Latest funding round, Series D, of $208.0M.
- IPO Lists on the stock exchange (IPO).
Web traffic of PATEO
The website of PATEO (pateo.com.cn) receives about 92K visits a month.
- Monthly visits92K
▲ 83% vs previous month
Websites whose visitors overlap most with PATEO. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| kelaile.cn | 100% | View details | |||
| baidu.com | 74% | 1.9B | #17 | View details | |
fuliba2023.net | fuliba2023.net | 61% | #20,540 | – | |
| google.com | 61% | 85.8B | #1 | View details | |
ddys.pro | ddys.pro | 61% | #191,224 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for PATEO
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Pateo
Complete news archive for PATEO
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about PATEO
PATEO was founded in 2009 and raised its 1st funding round 6 years after it was founded.
PATEO is headquartered in Shanghai, China.
PATEO is a funded company, having raised a total of $638.88M across 13 funding rounds to date.
Annual revenue of PATEO is $489.46M as on Dec 31, 2025.
Pateo providesSaas AI enabled infotainment solutions for connected vehicles. It offers products that include connected car solutions packages for automotive OEMs including infotainment systems with related hardware and cloud-based telematics services. It has developed a smart car platform for OEMs to develop their infotainment dashboards and provide connected car services. It also has aftermarket products.
Yes, PATEO is publicly traded on HKEX under the ticker symbol 2889.
PATEO has 14 investors. Key investors include Xiaomi, Haier, Ping An, Dongfeng Motor, and Suning Holdings Group.