Jun 10, 2025 11:26 AM (GMT+8) · EqualOcean
CaoCao Inc. ("CaoCao") has recently passed the Hong Kong Stock Exchange listing hearing and disclosed the post-hearing information set on June 10. Huatai International, Agricultural Bank of China International, and GF Securities (Hong Kong) are acting as joint sponsors. Founded in 2015, CaoCao, a ride-hailing platform incubated by Geely Group, has become one of the largest ride-hailing platforms in China. As of December 31, 2024, CaoCao's business has expanded to 136 cities, with 85 new cities added in 2024. In 2023 and 2024, CaoCao's total Gross Transaction Value (GTV) reached CNY 12.2 billion and CNY 17 billion, respectively, showing a year-on-year growth of 37.5% and 38.8% . Additionally, CaoCao launched its CaoCao Intelligent Driving autonomous driving platform on February 28.

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