A Geely car assembly line in China’s Zhejiang province. With CaoCao’s latest funding round, Geely has upped its stake in the hotly contested ride-hailing sector. Photo: Reuters

Geely unit CaoCao promises to shake up China ride-hailing market after US$1.5b valuation

Company has more than 12,000 Geely electric cars in 17 cities, with more than 10 million users

Topic |   Electric cars

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A Geely car assembly line in China’s Zhejiang province. With CaoCao’s latest funding round, Geely has upped its stake in the hotly contested ride-hailing sector. Photo: Reuters
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