BEIJING -- Caocao Chuxing, the ride-hailing arm of automaker Geely, took in billions of yuan (a nine-figure dollar amount) in a recent funding deal, a source told 36Kr. The investment is China's first domestic equity deal in the ride-hailing industry this year.
Hangzhou Youxing Technology, which operates Caocao Chuxing, adjusted its share structure on Aug. 4, adding Zhejiang Geely Holding Group as a new shareholder, according to Tianyancha, an enterprise information query platform.
