Geely-Backed Ride Hailing Firm Caocao Mobility Negotiating New Round of Financing, Plans for IPO Within Five Years

(Source: Caocao Mobility)

Geely-backed Caocao Mobility, also known as Caocao Chuxing, is negotiating a new round of financing with investors and expects to break even within two years, Bloomberg reported on Monday. Gong Xin, CEO of the company, said in an interview that the new round of financing may be completed in the first half of 2022.

Gong said the c…