Didi's ride-hailing rival Cao Cao Mobility raises $600m to fund expansion

Didi's ride-hailing rival Cao Cao Mobility raises $600m to fund expansion

REUTERS/Damir Sagolj

Geely’s Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China’s embattled ride-hailing leader Didi Global Inc.