On June 24, CaoCao Mobility rose 5.33% in regular trading, trading at 24.34 HKD/share, with turnover of approximately 53.12 million HKD.

On the news front, ByteDance's AI assistant Doubao formally signed a deep strategic partnership with CaoCao Mobility, with AI ride-hailing functionality entering gray-scale testing in Beijing and Hangzhou. The system enables users to complete ride orders through voice commands within the Doubao app, with CaoCao Mobility providing dedicated fleet capacity. Additionally, the company conducted consecutive share buybacks on June 22 and 23, repurchasing a combined total exceeding 18 million HKD, signaling management confidence in the company's intrinsic value.

The company also announced a strategic cooperation agreement to expand into niche segments including children's safety seat solutions. The stock had previously declined over 33% from its June 16 high of 34.76 HKD amid AI concept profit-taking and CFO transition uncertainty. The convergence of multiple positive catalysts and oversold technical conditions attracted capital inflows.

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