曹操出行业务版图升级：整合商旅管理与高端出行，构建一站式服务平台

Core Viewpoint - The article highlights that in a fluctuating capital market, companies that can continuously create value often do so through clear and long-term strategic layouts, conveying confidence that transcends cycles. The recent acquisitions by Cao Cao Mobility mark a significant step in expanding its business into high-end travel and corporate travel management sectors, aiming to create a comprehensive technology-driven travel service platform [1][10]. Group 1: Strategic Acquisitions - On December 30, 2025, Cao Cao Mobility announced its first major capital action post-IPO, which includes the acquisition of high-end travel service brand Yao Travel Technology Co., Ltd. and business travel management platform Zhejiang Geely Business Services Co., Ltd. [1] - The acquisitions aim to expand Cao Cao Mobility's business scope from personal travel to high-value high-end travel and specialized corporate travel management, forming a one-stop technology travel service platform [1][4]. Group 2: Business Integration and Synergy - The two acquisitions will combine Cao Cao Mobility's extensive transportation network, Yao Travel's high-end service capabilities, and Geely Business's professional travel management, creating a comprehensive service loop for enterprises and significant synergy effects [4][5]. - As of December 31, 2024, Cao Cao Mobility has provided commuting and business vehicle solutions to over 13,500 enterprises, establishing a strong foundation for corporate services [4]. Group 3: Market Expansion and Growth Potential - The strategic acquisitions allow Cao Cao Mobility to enter high-end travel and corporate travel management markets, which have high growth potential, thereby optimizing its profit structure and business model [6]. - The high-end travel market emphasizes service quality and customer experience, generally yielding higher profit margins than mass travel. Yao Travel's inclusion enables Cao Cao Mobility to tap into this lucrative sector [6]. Group 4: Future Development and Technological Integration - The acquisitions reflect Cao Cao Mobility's direction towards becoming a technology-driven travel ecosystem builder, integrating various business segments to create a multi-layered, synergistic ecosystem [8][9]. - The data gathered within this ecosystem will enhance operational capabilities, product design, and service matching, aligning with Geely's ambitions in the autonomous driving sector, which is seen as a key area for commercializing autonomous technology [9]. Group 5: Long-term Vision - Overall, the acquisitions at the end of 2025 represent a crucial step for Cao Cao Mobility in advancing into the comprehensive corporate service market, broadening its business boundaries and improving its profit structure for long-term development [10].