CaoCao

CaoCao is a Chinese ride-hailing company backed by automaker Geely. They are currently newsworthy due to their ambitious plans to become a leading robotaxi operator in China. The company intends to deploy 100,000 autonomous vehicles by 2030, adopting a fleet-first, asset-management strategy. This positions them as a significant player in China's rapidly developing robotaxi market. Furthermore, CaoCao, along with other major delivery and ride-hailing firms like Meituan and Didi Chuxing, was recently summoned by the Chinese government to ensure the welfare and rights of their gig workers, particularly during the busy Lunar New Year holiday period. This highlights the increasing scrutiny and regulatory focus on labor practices within the gig economy in China, making CaoCao's operational practices and worker treatment a matter of public and governmental interest.