Core Insights - Caocao Travel announced two strategic acquisitions: 100% stake in Weixing Technology Co., Ltd. (referred to as "Yaotong") and a proposed 100% stake in Zhejiang Geely Business Services Co., Ltd. (referred to as "Geely Business Travel") [1][2][3] - Upon completion of these acquisitions, Yaotong and Geely Business Travel will become wholly-owned subsidiaries of Caocao Travel, enhancing its service offerings [1][2] Company Strategy - The acquisitions are key strategic moves for Caocao Travel to build a "one-stop technology travel platform" [2][3] - The integration aims to streamline services from daily commuting, business receptions to travel management, providing a seamless and standardized travel experience for various clients [2][3] - The CEO of Caocao Travel emphasized that this will strengthen the company's competitiveness in the corporate travel and business services market, supporting long-term value creation in the global smart travel sector [2][3] Service Expansion - Since launching corporate client services in 2016, Caocao Travel has served over 13,500 enterprises by December 31, 2024 [3] - Yaotong offers established services in corporate meetings, daily transportation, and high-end ride-hailing, while Geely Business Travel provides comprehensive travel solutions and event management services [3] - The integration of these services is expected to leverage Caocao Travel's platform capabilities, continuously delivering high-quality services to existing clients [3]
曹操出行宣布收购耀出行和吉利商旅，进军商旅服务赛道