Hong Kong Stock Movement | CAOCAO INC (02643) Rises Over 6% in Early Trading; Company Plans to Acquire Yo Xing and Geely Business Travel to Build All-in-One Tech Mobility Platform

Stock News2025-12-31

CAOCAO INC (02643) surged more than 6% during the early trading session. As of the time of writing, the stock was up 2.32%, trading at HKD 30.92, with a turnover of HKD 32.6029 million.

On December 30, the company announced two significant strategic acquisitions: it will acquire 100% of the equity in Weixing Technology Co., Ltd. (referred to as "Yo Xing") and intends to acquire 100% of the equity in Zhejiang Geely Business Service Co., Ltd. (referred to as "Geely Business Travel").

Upon the respective completion of these two acquisition matters, Yo Xing and Geely Business Travel will become wholly-owned subsidiaries of CAOCAO INC.

This move is set to further enhance CAOCAO INC's product matrix, aiming to build an all-in-one technology-driven mobility platform.

According to the introduction, CAOCAO INC serves as the most important commercial vehicle for Geely Holding Group's Robotaxi business and is dedicated to creating a globally leading tech mobility platform.

Following the completion of this integration, CAOCAO INC will further consolidate internal resources to form synergistic business capabilities, positioning itself as the core platform for Geely Holding Group's mobility services and leveraging growth in the business travel service market.

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