Eleanor Olcott / Monetary Occasions:
Didi’s experience hailing rival Cao Cao Mobility, which is owned by automaker Geely, raises ~$588M from Chinese language state-owned funds; Cao Cao had 10M+ MAUs in July — Cao Cao Mobility raises Rmb3.8bn because it tries to reap the benefits of crackdown on bigger competitor — Chinese language state-owned funds …
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