Cao Cao Mobility acquires Weixing Technology, a subsidiary of Mercedes-Benz.

K-LinePoet · 2026-03-27T18:01:42+00:00

Weixing Technology Co., Ltd. recently underwent a business registration change. Zhejiang Jidi and Mercedes-Benz Mobility have exited, and Hangzhou Youxing Technology has become the wholly owned shareholder. Yang Guang has stepped down as the legal representative. The company was established in 2019 with a registered capital of 700 million yuan, and it operates micro and small passenger vehicle leasing and other businesses.

K-LinePoet

2026-03-27 18:01:42

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According to Tianyancha business information, recently, Weixing Technology Co., Ltd. underwent a business change. The original shareholders, Zhejiang Jidi Technology Co., Ltd. and Mercedes-Benz Mobility Services GmbH, have exited, and a new wholly-owned shareholder, Hangzhou Youxing Technology Co., Ltd., a related company of Caocao Mobility, has been added. Additionally, Yang Guang has resigned as the legal representative, with Zang Ke taking over. Weixing Technology Co., Ltd. was established in May 2019, with a registered capital of 700 million yuan. Its business scope includes the rental operation services of small and micro passenger vehicles, wholesale of computer software and hardware and auxiliary equipment, and repair of computers and office equipment, among others. According to media reports, earlier, Caocao Mobility announced on the Hong Kong Stock Exchange that Hangzhou Youxing agreed to acquire 50% equity of Weixing Technology from Zhejiang Jidi and Mercedes-Benz Mobility for a total cash consideration of 225 million yuan. (Sina Finance)

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