CAOCAO INC (02643) surged more than 5% during intraday trading, reaching a high of HK$82.50 and setting a new record. As of press time, the stock was up 4.79% to HK$81, with trading volume of HK$52.6354 million.

On August 22nd after market close, Hang Seng Indexes Company announced the results of its regular semi-annual index review, with CAOCAO INC being included in the Hang Seng Composite Index. The changes will be implemented after market close on September 5th and take effect on September 8th. Previously, multiple institutions including JPMorgan Chase and Huatai Securities had predicted that CAOCAO INC would likely be included in the Stock Connect trading scope on September 8th.

A research report from Zheshang Securities noted that the company, leveraging the Geely ecosystem, has secured a stable second position in the ride-hailing industry. The report highlighted that the "customized vehicles + autonomous driving + mobility platform" Robotaxi trinity ecosystem closed-loop prototype has taken shape, positioning the company to potentially seize opportunities in the upcoming Robotaxi commercialization wave and unlock medium to long-term valuation potential.