Press Release

CaoCao Mobility and Octopus Announce Strategic Partnership to Advance Ride-hailing Services in Hong Kong and Driving Smart Mobility Innovation

(Hong Kong, 18 June 2026) CaoCao Mobility (“CaoCao”) and Octopus today have entered into a strategic cooperation agreement. Both parties will captilise on the standardisation of Hong Kong’s ride-hailing market to enhance compliant ride-hailing services and further advance the development of the city’s smart mobility sector. CaoCao Mobility will position Hong Kong as the first international launch market for its RoboX strategy. Together, the two parties will drive the development of Hong Kong’s smart mobility ecosystem, with the ambition of establishing a globally leading benchmark for intelligent transportation.

Octopus is a leading digital payment and lifestyle service platform in Hong Kong, with a broad presence spanning transport, retail, dining, rewards and travel. In recent years, Octopus has actively expanded into the transport sector, launching taxi e-payment services and its local ride-hailing platform “Octopus Easy Ride”, establishing distinctive strengths in payment infrastructure, customer engagement, and ecosystem integration.

This partnership will further build on Octopus’s strong foundation in payments and local mobility platforms, creating powerful synergies with CaoCao Mobility’s capabilities in smart mobility and operations. Together, the parties aim to advance the development of compliant ride-hailing services and support the long-term growth of smart mobility in Hong Kong.

Mr. Tim Ying, Chief Executive Officer of Octopus, said: “Octopus has long been committed to leveraging innovative technology to deliver seamless and convenient experiences for the public. Our strategic partnership with CaoCao Mobility marks another important milestone in strengthening the mobility dimension of the Octopus payment ecosystem, following the launch of our taxi e-payment services and local ride-hailing platform, ‘Octopus Easy Ride’. By combining our respective strengths, we aim to advance compliant ride-hailing services and next-generation smart mobility solutions, bringing more convenient and efficient travel experiences to the community while creating greater value for Hong Kong’s smart city development.”

Mr. Gong Xin, Chief Executive Officer of CaoCao Mobility, said: “"Hong Kong is not only a vital gateway connecting Mainland China and the world, but also a key hub for smart city innovation. This partnership with Octopus represents an important step in CaoCao Mobility’s global strategy. Together, we aim to build a new smart mobility ecosystem that integrates both human-driven and autonomous driving services, connecting urban and cross-boundary mobility. Hong Kong will serve as a benchmark city for smart mobility development in the RoboX era, contributing valuable Chinese experience to global smart transportation innovation."

 

Photos

Photo 1:
Mr. Gong Xin, CEO of CaoCao Mobility, and Mr. Tim Ying, CEO of Octopus, signed a strategic cooperation framework agreement on behalf of both parties.

Photo 2:
Mr Gong Xin, CEO of CaoCao Mobility, accompanied Mr Tim Ying, CEO of Octopus, on a tour of Geely’s booth and highlighted its latest developments in smart mobility and vehicle connectivity technologies.

Photo 3:
Octopus and CaoCao Mobility management teams posed for a group photo to commemorate this important milestone in their collaboration.

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