Chinese Ride-Hailing Platform Caocao Chuxing Receives 3.8 Billion Yuan in Funding, Sets Headquarters in Suzhou
Caocao Chuxing, the ride-hailing arm of automaker Geely, announced the completion of Round B financing worth 3.8 billion yuan ($589 million) on Monday, which will be used for the improvement of services for drivers and passengers, as well as the R&D and application of new technologies.
Caocao Chuxing’s investors include Suzhou Xiangcheng Financial Holdin…