News
Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in July(Eleanor Olcott/Financial Times)
![Didi](https://cryptobeginnersclub.com/wp-content/uploads/2023/02/Screenshot-2023-02-22T192018.760-1-780x470.png)
Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in July _ Chinese state-owned funds are piling into a fast-growing rival to Didi Chuxing, taking advantage of regulatory pressure on the country’s largest ride-hailing app…