Coowa Completes US$600M Funding, Readies Hong Kong IPO Within Months

According to people familiar with the matter, Chinese robotics company Coowa Technology completed a financing round of over US$600 million and is preparing to file for a Hong Kong IPO within two to three months. Huatai Securities and Deutsche Bank are advising on the listing. Coowa generated more than 1 billion yuan (US$148 million) in revenue in 2025, became operating-profit positive, and deployed over 10,000 robots across more than 50 cities and regions globally.
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