Didi’s rival ride-hailing service is Cao Cao Mobility, which is part of the automaker Geely and raises $588 million through Chinese state-owned funds. Cao Cao had 10 million or more MAUs in July; Cao Cao Mobility raises Rmb3.8 billion in an attempt to benefit from a larger competitor, Chinese government-owned money, which is being restricted.
didi cao maus financialtimes mobility geely
