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Latham Advises CaoCao on Share Placing
March 11, 2026
Firm represents the ride‑hailing platform with a growing focus on autonomous ride‑hailing in the placing of 12 million shares.
Latham & Watkins has advised CaoCao, a leading ride‑hailing platform with a growing focus on autonomous ride‑hailing, on its placing of 12 million new shares priced at HK$32.46 per share, raising net proceeds of approximately HK$383 million. The proceeds will be used to develop CaoCao’s Robotaxi business, expand the company’s enterprise services, and for general corporate purposes.
Latham previously advised on CaoCao’s initial public offering on the Hong Kong Stock Exchange in June 2025.
The Latham team was led by Hong Kong corporate partners Daying Zhang and Terris Tang, with Beijing counsel Ning Li and Hong Kong associates Chimmy Tao and Weigang Meng.