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CaoCao

Cao Cao Pre-IPO: Accelerating GTV but Still Bleeding and Leveraged

481 Views13 Jun 2025 00:00
CaoCao is looking to raise up to $US300m in its upcoming Hong Kong IPO. It is a ride hailing platform in China. In this note, we provide updates on it's performance.
What is covered in the Full Insight:
  • Introduction
  • Pushing Toward Robotaxi Commercialization
  • Metrics and Financial Performance
  • Challenges and Risks
  • Conclusion
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