On December 30, CaoCao Inc. (2643.HK) announced two major strategic acquisitions, agreeing to acquire 100% of Weixing Technology, the operator of StarRides, and proposing to acquire 100% of Zhejiang Geely Business. Upon completion of the respective transactions, Weixing Technology and Geely Business will become wholly owned subsidiaries of CaoCao Inc. The acquisitions are expected to broaden CaoCao’s product lineup and support its push to build a one-stop, tech-driven mobility platform.
HANGZHOU, China, December 10th – CaoCao Inc., the tech-driven mobility platform created/invested in/ by Geely Holding Group, announced an updated Robotaxi strategy and long-term target of ‘100 Cities, 100 Billion in 10 Years’ alongside the opening of the world’s first Green Intelligent Mobility Hub in Hangzhou.
CaoCao Inc. (CaoCao; 2643.HK) recently announced that it has entered into a strategic cooperation agreement with Dobot Robotics, a global leader in intelligent robotics R&D and manufacturing. Centered on Robotaxi development, the partnership will focus on expanding the application scenarios and capabilities of robotics technology. Both companies aim to make vehicle operations smarter, improve service capabilities and efficiency, and accelerate the large-scale adoption of Robotaxi services.
On November 10, Caocao Mobility was invited to participate in the DRIFTx International Exhibition in Abu Dhabi, where it officially signed a Memorandum of Understanding (MoU) with the Abu Dhabi Investment Office (ADIO). This milestone marks the beginning of Caocao Mobility’s global expansion of its Robotaxi operations.
Recently, CaoCao Inc. (‘CaoCao’ or ‘Company’ , stock code: 2643.HK) released an overseas ride-hailing guide and launched overseas mobility services in multiple countries and regions. The service initially covers 10 popular tourist cities across 6 countries—Singapore, South Korea, Malaysia, Thailand, the Philippines, and Vietnam, as well as Hong Kong SAR. This means Chinese domestic users no longer need to download additional local ride-hailing apps; they can directly hail taxis overseas via the CaoCao mobility app, which significantly simplifies the overseas travel process.
CaoCao Inc.’s Robotaxi Strategy Received Unanimous Positive Coverage from Citi and Top 4 Chinese Brokerages, with an Average Target Price of HK$80.
On October 16, the 2025 World Intelligent Connected Vehicles Conference (“WICV 2025”) kicked off in Beijing. CaoCao Inc. announced the latest progress of its Robotaxi service at WICV 2025, formally declaring that its Robotaxi fleet has been equipped with Geespace’s Satellite IoT communication technology and terminal products. This milestone makes CaoCao Inc. the world's first mobility platform that applies the low-orbit satellite communication technology to Robotaxi operations at scale.
On September 24, with the successful launch of the ‘CaoCao Zhixing’ Satellite into orbit, the Geely Constellation has completed the first phase of its deployment and will serve the Robotaxi fleet of CaoCao Zhixing — the autonomous driving platform of CaoCao Inc. This marks the further integration of aerospace technology into CaoCao Inc.'s Robotaxi ecosystem and the steady advancement of the ‘space-air-ground integrated’ future mobility blueprint.
On September 8, CaoCao Inc., a leading shared mobility platform operator in China, released its ‘space-air-ground integrated’ shared mobility blueprint and announced a strategic partnership with Aerofugia, a low-altitude mobility technology company in China. The move marks a further deepening of the collaboration among Geely's ecological enterprises, and CaoCao Inc. will be the first to break through the physical limitations of urban ground transportation, leading the shared mobility industry into a new three-dimensional realm.
While China's Robotaxi industry remains stuck in the cycle of “closed testing → small-scale operation”, a recent move disclosed by CaoCao Inc. has opened up a new industry breakthrough.
On August 29, a conference to promote private enterprises’ participation in the Hainan Free Trade Port was held in Haikou, guided by the National Development and Reform Commission and hosted by the Hainan Provincial Government. The event gathered representatives from more than 100 companies to explore collaborative opportunities in the port’s development. At the conference, Chairman of Geely Holding Group Li Shufu noted that Geely has already made investment in Hainan, establishing operations in sectors including new-energy commercial vehicles and smart mobility. CaoCao Inc. has launched services in six cities, including Haikou. Looking ahead, CaoCao Inc. will serve as the group’s key commercialization platform for Robotaxi, aiming for global tech-enabled mobility leadership.
On the eve of May Day this year, three CaoCao Inc. drivers—Yuan Yonghui, Zhang Guirong, and Liu Binjie—were honored as National Model Workers for their outstanding service quality. This recognition made CaoCao Inc. the only online ride-hailing platform in China with three national model worker drivers.
On the morning of July 22, under the auspices of the Huli District Disabled Persons' Federation in Xiamen, the launch ceremony for "Accessible Healthcare with Warmth" - a barrier-free medical service initiative for persons with disabilities - was successfully held at Xiamen Huli Jianmin Hospital.
On July 22, CaoCao Inc. announced a strategic partnership with GEESPACE, China's leading commercial aerospace company, to enhance autonomous driving safety standards through GEESATCOM satellite network.
On the morning of July 4, CaoCao Inc. and Xiamen Hospital of Traditional Chinese Medicine held a strategic cooperation signing ceremony titled "Compassionate Mobility • Barrier-Free Healthcare Journey". This collaboration signifies the official launch of CaoCao Inc.'s dedicated accessible vehicle service at Xiamen Hospital of Traditional Chinese Medicine. With objectives to streamline transportation, facilitate medical access, and reduce public burdens, the partnership deeply integrates barrier-free mobility with healthcare scenarios. It comprehensively addresses transportation challenges for people with mobility impairments by establishing a seamless "door-to-hospital" medical passage, injecting new momentum into Xiamen's accessible infrastructure development.
The Hong Kong edutourism program, jointly organized by CaoCao Inc. and the Ocean Conservation Charity Fund, successfully concluded its two-day program from June 24 to 25. Exclusively designed for drivers’ children, this innovative edutourism program aimed to broaden horizons through multidimensional learning experiences encompassing academic discovery, financial education, and cultural exposure. The recruitment announcement generated an overwhelming response, with nearly 100 driver parents submitting applications for their children. Through comprehensive evaluation, six academically excellent and morally outstanding students were selected for this transformative cross-border educational journey.
On June 15, the 2025 ITA National Wheelchair Tennis Championships & Tokyo Deaflympics concluded at Wenzhou International Tennis Center. During the 7-day tournament, nearly 100 wheelchair tennis players and coaches from across China competed fiercely. As the official barrier-free mobility partner, CaoCao Inc. provided full-cycle accessible transportation for 13 wheelchair athletes, enabling them to focus on their performance.
Integration of Taxi and Ride-Hailing Services Paves Way for New Era in Mobility
On May 23, under the guidance of the China Association of Volunteers for Persons with Disabilities, CaoCao Mobility partnered with Shanghai Qiangsheng Taxi to launch the ‘All-Day Care, Love Without Barriers’ Magical Journey public welfare initiative and unveil multi-functional vehicles at the Shanghai Noble Center.
Seniors and Children Emerge as Primary Beneficiaries of Barrier-Free Mobility
CaoCao Mobility Touches Down at Liurong Street, Yuexiu District, Guangzhou for Barrier-Free Public Welfare Day: ‘Love Without Barriers’ Campaign Kicks Off
CaoCao Mobility Emerges as the Sole Ride-Hailing Platform with Drivers Honored in 2025 Industry Awards!
CaoCao Zhixing Kicks Off Large-Scale Robotaxi Deployment