CAOCAO INC shares surge over 14% in afternoon trading as RoboX strategy fuels AI overhaul and expands device-side ecosystem

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CAOCAO INC (HKG: 02643) saw its shares climb more than 14% in the afternoon session, last trading up 7.26% at HKD 12.55 with turnover reaching HKD 77.1997 million.

On the news front, at the Alibaba Cloud Apsara Conference on September 22, the company announced a partnership with Qwen AI Glasses to jointly launch an AI-powered ride-hailing service, delivering a hands-free near-eye interaction experience for users. This move marks the latest expansion in CAOCAO INC's AI device-side hardware ecosystem, following earlier integrations with Doubao mobile assistant, Honor YOYO, and OPPO Xiaobu, as its ride-hailing service now extends from smartphones to wearable smart devices.

In June of this year, CAOCAO INC officially unveiled its RoboX strategy, declaring a comprehensive AI transformation with the goal of building a world-leading physical AI mobility technology platform. The company aims to deploy 100,000 Robotaxis and 100,000 Robovans respectively by 2030.

As of June 30 this year, CAOCAO INC had already deployed 140 second-generation Robotaxis, conducting large-scale testing and operations. Its services now cover 215 cities across China, with average monthly active users reaching 44.6 million, up 17.1% year-over-year.

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