CaoCao Mobility released its interim results for the six months ended June 30, 2026, on August 27. Its ride-hailing business continued to grow in the first half, while the company stepped up investment in autonomous driving and artificial intelligence through its RoboX strategy.
Mobility services revenue rose 13.9% year-on-year to RMB 9.8 billion (USD 1.46 billion), while total revenue increased 9% to RMB 10.3 billion (USD 1.53 billion). As of June 30, CaoCao operated in 215 cities across China, including 20 added during the first half.
Average monthly active users reached 44.6 million, up 17.1% year-on-year, while average monthly active drivers increased 36.8% to 758,000.
Profitability also improved. Gross margin rose to 9.0% from 8.7% a year earlier. The company attributed the increase partly to greater operating scale and said it continued to use AI to improve the algorithms behind CaoCao Brain, its transaction and dispatch system.
In June, CaoCao unveiled its RoboX strategy and announced a broader push into AI-powered mobility. The company said it plans to combine purpose-built vehicles, autonomous driving technology, and fleet operations as it develops services including robotaxis and autonomous delivery vans.
