BRIEF: CaoCao tumbles in Hong Kong trading debut
Ride-hailing platform CaoCao Inc. (2643.HK) slipped into reverse with its Hong Kong debut on Wednesday, as its shares opened down 20% at HK$33.80 on their first trading day. The stock…
BRIEF: Ride-hailing platform CaoCao launches $236 million IPO
Ride-hailing platform CaoCao Inc. (2643.HK) on Tuesday launched its Hong Kong IPO, aiming to sell 44.18 million shares at HK$41.94 apiece to raise about HK$1.85 billion ($236 million). Share subscriptions will…
CaoCao approaches IPO finish line with nod from China’s securities regulator
A Hong Kong listing by the Geely-backed ride hailing app was approved last week by the CSRC, a year after the company first filed for the IPO Key Takeaways: CaoCao’s…
Chenqi bets big on robotaxis in Hong Kong IPO
The ride-sharing company’s listing could raise up to $167 million as its shares get set to debut next Wednesday Key Takeaways: Shares of Chenqi will make their trading debut next…
DiDi drives back into growth lane, as aggregators encroach on its turf
The company often called the ‘Uber of China’ reported a fifth consecutive quarter of double-digit revenue growth, as it reportedly eyes a listing in Hong Kong Key Takeaways: DiDi Global's…
CHINA BULLETIN: Services, Trade Send Positive Signals
In this week’s issue positive trade signals, a major EV IPO and more sagging home sales. On a scale of 1 to 100, we give the week a 65 for…
Next stop for Geely-backed CaoCao: a Hong Kong IPO
The ride-sharing company has built partnerships with third-party platforms to mount a concerted challenge to the market leader, but the strategy carries risks Key Takeaways: CaoCao Inc.’s revenues have grown…
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