Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in July (Eleanor Olcott/Financial Times)

Eleanor Olcott / Financial Times:Didi’s ride hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese state-owned funds; Cao Cao had 10M+ MAUs in JulyCao Cao Mobility raises Rmb3.8bn as it tries to take advantage of crackdown on larger competitorChinese state-owned funds
Click here to read full news..