Caocao Mobility, backed by Chinese carmaker Geely, said it raised 3.8 billion yuan in September. Photo: Reuters
Caocao Mobility, backed by Chinese carmaker Geely, said it raised 3.8 billion yuan in September. Photo: Reuters

Shenzhen disciplines Uber-like ride hailing services in the city amid unchecked expansion

  • T3 Chuxing, Ruqi Chuxing and Caocao Chuxing were among offending platforms that recruited or induced drivers to operate without licenses
  • The compliance rate of 12 out of the 16 biggest platforms improved in September compared with the previous month, according to transport ministry data

Caocao Mobility, backed by Chinese carmaker Geely, said it raised 3.8 billion yuan in September. Photo: Reuters
Caocao Mobility, backed by Chinese carmaker Geely, said it raised 3.8 billion yuan in September. Photo: Reuters
READ FULL ARTICLE