HONG KONG -- Chinese ride-hailing service CaoCao listed on the Hong Kong Stock Exchange on Wednesday, raising 1.85 billion Hong Kong dollars ($236 million) to help fund its efforts to take on Didi, which commands the national market.
IPO
China ride-hail app CaoCao raises $236m in Hong Kong debut
Geely-backed service seeks to challenge market leader Didi
CaoCao listed at a price 19% lower than its public offering price. (Photo by Kensaku Ihara)
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