Caocao Mobility, Doubao Launch AI Ride-Hailing in Three Chinese Cities; Shares Jump 13.3%
Caocao Mobility (02643) said its AI ride-hailing service developed with Doubao launched on September 9, 2026 in Beijing, Hangzhou and Suzhou. The stock rose as much as 13.3% to HKD 14.52 before paring gains; at 2:25 p. m. it traded at HKD 13.35, up 4.2%, with turnover above RMB 170 million. The service generates travel options from local-life queries on Doubao.
Caocao Mobility (02643) announced that its AI ride-hailing service developed with Doubao officially launched on September 9, 2026 in Beijing, Hangzhou and Suzhou.
Caocao Mobility's shares rose by as much as 13.3%, reaching a high of HKD 14.52. As of 2:25 p. m. , the stock traded at HKD 13.35, up 4.2%, with turnover exceeding RMB 170 million.
After the AI ride-hailing service was launched, when users consult Doubao for local-life information such as routes, locations, leisure and entertainment, and food and dining establishments, the system can not only provide the information but also generate travel plans based on the location for users to choose from.