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China Construction Bank Zhejiang Branch assists "Cao Cao Chauffeured Car Services" to complete Serie

Date: 2018-06-11
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Earlier this year, the "Cao Cao Chauffeured Car Services" was invested by a number of domestic and overseas institutions and successfully completed A-round financing of 1 billion yuan, with a valuation of more than 10 billion yuan. The equity was completed in the near future. The financial advisor of the "Cao Cao Chauffeured Car Services" Series A financing was held by the Zhejiang Branch of China Construction Bank. The project's achievements have received great attention from the investment market.

 

“Cao Cao Chauffeured Car Services” is a strategic service platform for new energy vehicle green sharing travel service of Geely Group, and it is also the first service platform for new energy vehicles in China that has access to the license of the network. "Cao Cao Chauffeured Car Services" through this financing, to achieve the debut of the capital market, the company's development toward the fast lane, for the future multiple rounds of financing and the IPO has laid a solid foundation. At present, the "Cao Cao Chauffeured Car Services" has been put into operation in 24 cities across the country, operating 23,000 new energy special vehicles, providing low-carbon travel services to more than 12 million users, and the volume of orders completed exceeded 300,000.

 

It is understood that the cooperation between China Construction Bank and Geely Group has been long-standing. In 2010, with the support of China Construction Bank, Zhejiang Geely Holding Group Co., Ltd. successfully acquired Volvo Cars, and Geely Group has since taken steps to internationalize. "Cao Cao Chauffeured Car Services" is an important area for the future development of Geely Group. This time, CCB and Geely Group have once again joined hands to take advantage of equity financing projects to deepen cooperation and expand the scope of cooperation, marking a new round of new cooperation between CCB and Geely Group. .


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