HK Stock Market Move | CAOCAO INC (02643) surged over 14% in the afternoon session; RoboX strategy drives comprehensive AI transformation as the company's edge hardware ecosystem continues to expand.

CAOCAO INC (02643) surged over 14% in the afternoon session, rising 7.26% as of press time to HK$12.55, with a turnover of HK$77.1997 million. On the news front, on September 22, CAOCAO INC announced at the Alibaba Cloud Apsara Conference a partnership with Qwen AI Glasses to jointly launch an AI ride-hailing service, enabling a hands-free near-eye interaction experience. This marks another step forward in CAOCAO INC's AI edge hardware ecosystem layout, following its integration with Doubao Mobile Assistant, Honor YOYO, and OPPO Breeno, as its ride-hailing service officially extends from smartphones to wearable smart terminals. In June this year, CAOCAO INC officially unveiled its RoboX strategy, announcing a comprehensive AI transformation with the goal of building a world-leading physical AI mobility technology platform, aiming to deploy 100,000 Robotaxis and 100,000 Robovans respectively by 2030. As of June 30 this year, CAOCAO INC had deployed 140 second-generation Robotaxis for large-scale testing and operations, with services covering 215 cities in China, averaging 44.6 million monthly active users, up 17.1% year-on-year.