CAOCAO INC (02643) has recently launched an overseas ride-hailing guide, offering services across multiple countries and regions. This initiative first covers ten popular tourist cities in six countries: Singapore, South Korea, Malaysia, Thailand, the Philippines, and Vietnam, as well as Hong Kong, China. This means domestic users can directly hail rides abroad via the CAOCAO app, without needing to download local ride-hailing software, thus significantly simplifying their overseas travel process. Starting now, users can open the CAOCAO app, switch their location to one of the supported countries or regions, and enjoy the convenience of "one-stop ride-hailing."

For instance, if users travel to Singapore during the winter, they can easily fulfill all local transport needs through the CAOCAO app—from round trips between Changi Airport and hotels to visiting iconic attractions like the Merlion Park and exploring the local cuisine in Geylang. The app will intelligently recommend pickup locations based on users' real-time positions, facilitating quick connections with drivers.

According to the latest "2025/26 Travel Trends Report" released by ITB CHINA, outbound trips by mainland Chinese residents exceeded 145 million in 2024, and the number is expected to continue rising in 2025. Against this industry backdrop, the demand for "convenient and localized" overseas travel services among domestic tourists is growing. Previously, Chinese tourists faced challenges such as language barriers, incompatible payment methods, and unfamiliarity with local software when hailing rides abroad. The CAOCAO overseas ride-hailing service addresses these pain points effectively.

Operating as a strategic platform within Geely Holding Group's intelligent shared mobility ecosystem, CAOCAO's services span 163 cities nationwide, with an average monthly active user base of 38.1 million and over 37,000 customized vehicles operating in more than 30 cities. It is one of the largest technology ride-hailing platforms listed on the Hong Kong Stock Exchange. The newly launched overseas ride-hailing service features a unified Chinese operating interface, providing real-time online translation and a mobile payment method compatible with Chinese practices, eliminating the need for currency exchange or binding foreign payment tools.

As a leading ride-hailing APP in China, the brand’s service also enhances the ride-hailing experience abroad. With the rapid development of international markets, CAOCAO's foreign ride-hailing services have initially launched in cities including Hong Kong, Singapore, Seoul, Busan, Jeju, Kuala Lumpur, Kota Kinabalu, Bangkok, Ho Chi Minh City, and Pasay, with plans to further expand to popular global cities. The convenience of "one-stop" ride-hailing and the rich travel service experience from China will provide peace of mind and assurance for Chinese travelers while allowing more locals to utilize and appreciate the conveniences offered by Chinese ride-hailing software.