Movement Alert｜CaoCao Inc Falls 5.43% in Regular Trading, AI Concept Retreat and Profit-Taking Continue After 40% Pullback from Peak

Market Focus06-29

On June 29, CaoCao Inc (02643.HK) fell 5.43% in regular trading, trading at 20.52 HKD/share, with turnover of approximately 24.76 million HKD.

The decline extends a sustained pullback driven by AI concept cooling and persistent profit-taking. After the company released a series of AI transformation and RoboX strategy announcements in early June, shares surged to a high of 34.76 HKD. Since then, the stock has corrected over 40% as elevated positioning unwinds. Despite a string of recent positive developments — including the establishment of an AI Innovation Center with the Shanghai AI Research Institute, a Robotaxi international partnership with May Mobility, and the appointment of Turing Award laureate Joseph Sifakis as chief scientific advisor — the market remains divided on whether AI initiatives can materially improve the company's fundamentals in the near term. Analysts note the company's high leverage ratio and heavy reliance on aggregation platforms for over 85% of orders as factors weighing on short-term investor confidence.

(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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