Core Viewpoint - The company Cao Cao Mobility announced two significant strategic acquisitions: acquiring 100% of Yaoxing Technology Co., Ltd. (Yaoxing Travel) and planning to acquire 100% of Zhejiang Geely Business Services Co., Ltd. (Geely Business Travel) [1][2] Group 1: Strategic Acquisitions - The acquisitions will make Yaoxing Travel and Geely Business Travel wholly-owned subsidiaries of Cao Cao Mobility, enhancing its product matrix and creating a one-stop technology travel platform [1] - Yaoxing Travel offers mature services in corporate meetings, daily transportation, and high-end ride-hailing, while Geely Business Travel provides comprehensive travel solutions and event services [1] Group 2: Business Integration and Synergy - After the integration, the two companies will leverage Cao Cao Mobility's platform to provide high-quality services to existing clients, creating significant synergy in corporate services [1] - The company aims to form a comprehensive service platform covering personal and corporate travel, standard and high-end services, and "travel + business travel" [1] Group 3: International Expansion - Yaoxing Travel's service network has expanded to 12 international cities, including Paris, Tokyo, and Seoul, which will support Cao Cao Mobility's international business layout [2] - The acquisitions will help accelerate the company's internationalization efforts and enhance its competitive edge in the corporate travel and business services market [2] Group 4: Long-term Vision - The CEO of Cao Cao Mobility emphasized that these acquisitions are key strategic moves to build a one-stop technology travel platform, aiming to provide seamless and standardized quality travel experiences [2] - The company seeks to strengthen its position in the corporate travel and business services market while creating greater value in the global smart travel sector for long-term development [2]
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