Caocao Mobility, which has received key investment from Chinese automaker Geely, reached a strategic cooperation with Ruilan Auto. In addition, Caocao Mobility’s total number of users has now exceeded 120 million.
China's Ministry of Transport on Tuesday released operation data for the domestic online ride-hailing industry in March. The state platform witnessed 539 million orders in March.
Zhou Hang, the founder of Chinese ride-hailing platform Yidao Yongche, has become the chairman of Caocao Mobility, a strategically-invested business of major Chinese vehicle maker Geely.
An office within the Beijing Transportation Department on Thursday summoned four logistics-based digital platform companies and scheduled a meeting with four online ride-hailing platform companies.
Caocao Mobility, the ride-hailing unit of Chinese automaker Geely Holding Group, announced on January 13 a corporate goal to achieve carbon neutrality.
Hangzhou Youxing Technology Co., Ltd., the parent company of Caocao Mobility, has recently completed a change in legal representation. As a result, Liu Jinliang will no longer serve as its legal representative.
Gong Xin, CEO of the company, said in an interview that the new round of financing may be completed in the first half of 2022.