Didi’s Ride Hailing Rival Cao Cao Mobility, Which Is Owned By Automaker Geely, Raises ~$588M From Chinese State-Owned Funds; Cao Cao Had 10M+ MAUs In July

didi maus financialtimes mobility geely 588m

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

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About the Author: uzair

Uzair is a features writer at Cafeer.de. He is a graduate of Emerson College and recently completed the MFA in writing.

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