Caocao subsidiary increased registered capital by more than 85%

Dongguan Youxing Technology Co., Ltd., a wholly-owned subsidiary of ride-hailing company Caocao, changed its registered information on April 20, increasing its registered capital from 70 million yuan to 130 million yuan, an increase of more than 85 percent, according to Tianyancha.com’s data.

Dongguan Youxing Technology Co., Ltd., a wholly-owned subsidiary of ride-hailing company Caocao, changed its registered information on April 20, increasing its registered capital from 70 million yuan to 130 million yuan, an increase of more than 85 percent, according to Tianyancha.com’s data.

Dongguan Youxing Technology Co., Ltd. was established in March 2019, with Caocao’s vice general manager Pang Bo as its legal representative.

Its scope of business includes computer technology research and development, technology transfer, technical consultation, technical services; road general freight transport; new energy vehicle charging station construction and operation; car rental; ride-hailing and so on.

It is worth noting that recently, Caocao’s Beijing branch, Beijing Jili Youxing Technology Co., Ltd. has also increased its registered capital from 50 million yuan to 160 million yuan, an increase of 220%.

On March 31st, its Fuzhou branch also experienced an increase in registered capital, from 100 million yuan to 150 million yuan, an increase of 50 percent.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/04/22/caocao-subsidiary-increased-registered-capital-by-more-than-85/.

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