Movement Alert｜Cao Cao Mobility Rises 6.9% in Regular Trading, AI Division Formation and Chief AI Officer Recruitment Continue to Catalyze

Market Focus06-11 13:26

On June 11, Cao Cao Mobility rose 6.9% in regular trading, trading at 32.1 HKD/share, with trading volume of 76.22 million HKD.

On the news front, the company announced on June 9 its plan to establish an independent AI division, aiming to complete a strategic transformation from a mobile internet company to an AI-native company. The company has listed a Chief AI Officer position on recruitment platforms with total compensation exceeding 10 million yuan, responsible for formulating AI strategy and technology roadmaps, building core AI capabilities, and driving full-chain AI empowerment across business operations.

Additionally, the company repurchased 65,000 shares on June 10 for approximately 1.9 million HKD, signaling management confidence. Cao Cao Mobility has been accelerating its Robotaxi business layout, having been approved as the first company in Hangzhou to conduct unmanned road testing. It plans to deploy 100 Robotaxi vehicles in Shanghai within the year, with a custom Robotaxi slated for mass production in 2027 and cumulative deployment of 100,000 units by 2030.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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