CaoCao Affiliate Hangzhou Youxing Completes Weixing Technology Acquisition; Shares Slip 4%

MT Newswires Live01-28

CaoCao (HKG:2643) said its consolidated affiliated entity, Hangzhou Youxing, has completed the acquisition of Weixing Technology, according to a Tuesday Hong Kong bourse filing

Shares of the ride-hailing platform were down over 4% in Wednesday morning trade.

The transaction follows a December 2025 agreement wherein Hangzhou Youxing agreed to acquire 100% of Weixing Technology for 225 million yuan.

The acquisition involved the purchase of 50% stakes from Zhejiang Jidi and Mercedes-Benz Mobility, making Weixing Technology a wholly owned subsidiary of Hangzhou Youxing.

Weixing's financial results will now be consolidated into CaoCao's group accounts, the filing said.

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