China 2nd Largest Ride-Hailing Platform CaoCao Mobility Hong Kong IPO Share Price Decreased -14.2% after 2 Days of Trading (25/6/25 IPO Price: HKD 41.94, 26/6/25 Closing: HKD 36) to $2.5 Billion Market Value & Raised $235 Million (HKD 1.85 Billion) in IPO, Founded in 2015 by China $21 Billion Car Giant Geely Automobile, Geely Founder is Chairman & Billionaire Li Shufu with $15 Billion Fortune
27th June | Hong Kong
China 2nd largest ride-hailing platform CaoCao Mobility Hong Kong IPO share price decreased -14.2% after 2 days of trading (25/6/25 IPO Price: HKD 41.94, 26/6/25 Closing: HKD 36) to $2.5 billion market value, and raising $235 million (HKD 1.85 billion) in the IPO. In 2025 June, CaoCao Mobility filed for Hong Kong IPO to raise $235 million (HKD 1.85 billion) at $2.9 billion valuation, with expected listing on 25th June 2025. CaoCao Mobility was founded in 2015 by China car giant Geely Automobile ($21 billion market value). Geely founder is Chairman & billionaire Li Shufu with $15 billion fortune. Cao Cao Mobility – Established in 2015, Cao Cao Mobility is a strategically invested business under Geely Technology Group and is part of Geely’s ongoing development of the “new energy mobility ecology.” With the mission of making “every encounter satisfying,” Cao Cao is bringing together world-class digital connectivity, Internet of Vehicles, autonomous driving, and new energy technologies into the field of shared mobility. The company is committed to becoming a one-stop mobility service leader offering safer, smarter, more personal services. CaoCao Inc. is the strategic investment company of Geely Holding Group for the development of “New Energy Vehicle Sharing Ecosystem”. Founded on May 21, 2015, CaoCao has become a leading shared mobility platform in China. Adhering to its mission of “reshaping the shared mobility sector with technology and green initiatives”, CaoCao innovatively applies the world’s leading Internet, internet of vehicles, autonomous driving technologies and new energy technologies to shared mobility. CaoCao upholds the brand proposition of “Serving people’s mobility wholeheartedly” and is committed to building a mobility brand with the best reputation for service. CaoCao Inc. has two major business segments: mobility service and purpose-built vehicles service. The mobility service includes four product lines: Express Mobility Service, Smart White Car Service, CaoCao Premier Service, and LiMao Premier Service.The Express Mobility Service offers affordable, convenient, and comfortable solutions for daily commuting.The Smart White Car Service, with full-vehicle intelligence, pioneers a new in-car experience for ride-hailing.The CaoCao Premier Service uses trained drivers and a central service desk to ensure quality trips.The LiMao Premier Service, a high-end accessible mobility service, uses the globally certified LEVC TX5 vehicle with assistive facilities for persons with disabilities. In terms of purpose – built vehicles service, CaoCao Inc. launched the Geely CaoCao 60, co-developed by Geely Group. CaoCao Inc. was involved in design, R&D, deployment, sales, and operations. By June 30, 2024, CaoCao Inc. operated in 83 cities, with a fleet of over 33,000 custom vehicles in 29 cities, ranking first among similar fleets in China. Geely – Zhejiang Geely Holding Group (“Geely Holding” / “the Group”) was founded in 1986. In 1997, Geely Holding entered the automotive industry and has since focused our core business on the development and production of automobiles. Geely has continued to grow with a focus on continuous technological innovation, talent development, and strengthening core competitiveness, all the while staying committed to sustainable development. Since 2012, Geely Holding has ranked among the Fortune Global 500 for thirteen consecutive years (ranked 185th in 2024) with more than 140,000 global employees. Geely Holding also ranked 10th in global auto sales. Geely Holding is committed to becoming a leader in green and smart mobility, engaged in automotive, upstream and downstream industrial chains, intelligent travel services, green transportation capacity, digital technology, etc. Headquartered in Hangzhou, Geely Holding today owns and manages a number of brands: Geely Auto, Geely Galaxy, Lynk & Co, ZEEKR, Volvo Cars, Polestar, Lotus, Farizon, and Cao Cao Mobility, and other brands are around the brand positioning and actively participate in market competition.
“ China 2nd Largest Ride-Hailing Platform CaoCao Mobility Hong Kong IPO Share Price Decreased -14.2% after 2 Days of Trading (25/6/25 IPO Price: HKD 41.94, 26/6/25 Closing: HKD 36) to $2.5 Billion Market Value & Raised $235 Million (HKD 1.85 Billion) in IPO, Founded in 2015 by China $21 Billion Car Giant Geely Automobile, Geely Founder is Chairman & Billionaire Li Shufu with $15 Billion Fortune “
China 2nd Largest Ride-Hailing Platform CaoCao Mobility Files for Hong Kong IPO to Raise $235 Million (HKD 1.85 Billion) at $2.9 Billion Valuation with Expected Listing on 25th June 2025, Founded in 2015 by China $21 Billion Car Giant Geely Automobile, Geely Founder is Chairman & Billionaire Li Shufu with $15 Billion Fortune
18th June – China 2nd largest ride-hailing platform CaoCao Mobility has filed for Hong Kong IPO to raise $235 million (HKD 1.85 billion) at $2.9 billion valuation, with expected listing on 25th June 2025. CaoCao Mobility was founded in 2015 by China car giant Geely Automobile ($21 billion market value). Geely founder is Chairman & billionaire Li Shufu with $15 billion fortune. Cao Cao Mobility – Established in 2015, Cao Cao Mobility is a strategically invested business under Geely Technology Group and is part of Geely’s ongoing development of the “new energy mobility ecology.” With the mission of making “every encounter satisfying,” Cao Cao is bringing together world-class digital connectivity, Internet of Vehicles, autonomous driving, and new energy technologies into the field of shared mobility. The company is committed to becoming a one-stop mobility service leader offering safer, smarter, more personal services. CaoCao Inc. is the strategic investment company of Geely Holding Group for the development of “New Energy Vehicle Sharing Ecosystem”. Founded on May 21, 2015, CaoCao has become a leading shared mobility platform in China. Adhering to its mission of “reshaping the shared mobility sector with technology and green initiatives”, CaoCao innovatively applies the world’s leading Internet, internet of vehicles, autonomous driving technologies and new energy technologies to shared mobility. CaoCao upholds the brand proposition of “Serving people’s mobility wholeheartedly” and is committed to building a mobility brand with the best reputation for service. CaoCao Inc. has two major business segments: mobility service and purpose-built vehicles service. The mobility service includes four product lines: Express Mobility Service, Smart White Car Service, CaoCao Premier Service, and LiMao Premier Service.The Express Mobility Service offers affordable, convenient, and comfortable solutions for daily commuting.The Smart White Car Service, with full-vehicle intelligence, pioneers a new in-car experience for ride-hailing.The CaoCao Premier Service uses trained drivers and a central service desk to ensure quality trips.The LiMao Premier Service, a high-end accessible mobility service, uses the globally certified LEVC TX5 vehicle with assistive facilities for persons with disabilities. In terms of purpose – built vehicles service, CaoCao Inc. launched the Geely CaoCao 60, co-developed by Geely Group. CaoCao Inc. was involved in design, R&D, deployment, sales, and operations. By June 30, 2024, CaoCao Inc. operated in 83 cities, with a fleet of over 33,000 custom vehicles in 29 cities, ranking first among similar fleets in China. Geely – Zhejiang Geely Holding Group (“Geely Holding” / “the Group”) was founded in 1986. In 1997, Geely Holding entered the automotive industry and has since focused our core business on the development and production of automobiles. Geely has continued to grow with a focus on continuous technological innovation, talent development, and strengthening core competitiveness, all the while staying committed to sustainable development. Since 2012, Geely Holding has ranked among the Fortune Global 500 for thirteen consecutive years (ranked 185th in 2024) with more than 140,000 global employees. Geely Holding also ranked 10th in global auto sales. Geely Holding is committed to becoming a leader in green and smart mobility, engaged in automotive, upstream and downstream industrial chains, intelligent travel services, green transportation capacity, digital technology, etc. Headquartered in Hangzhou, Geely Holding today owns and manages a number of brands: Geely Auto, Geely Galaxy, Lynk & Co, ZEEKR, Volvo Cars, Polestar, Lotus, Farizon, and Cao Cao Mobility, and other brands are around the brand positioning and actively participate in market competition.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
