Xiangcheng Financial Holdings led a $589 series B funding round in Cao Cao Mobility.

Xiangcheng Financial Holdings, an investment company, led a $589 series B funding round in Cao Cao Mobility, a ride-hailing services provider, with participation from Suzhou HSR New City Group, Suzhou Urban Investment Company, ABCI Suzhou Company, and Suzhou Innovation Capital. “Laying a foundation for a large-scale mobility ecosystem is one of the key measures in Geely Holding’s transformation to becoming a mobility technology service provider. Through the use of the world’s most advanced Internet of Vehicles (IoV), autonomous drive, and new energy technologies, we will revolutionize the field of shared mobility,. With the development of Cao Cao as a world-class mobility technology platform, we will be able to provide more users with a better, more comprehensive, intelligent mobility experience,” Eric Li, Geely Holding Chairman.