Skadden advised CaoCao Inc., a leading ride hailing platform in China, on its initial public offering and listing on the Hong Kong Stock Exchange, raising approximately HK$1.85 billion. Trading commenced on June 25, 2025.
The Skadden team was led by the co-heads of the China practice, Haiping Li and Paloma Wang, together with partner, Shu Du. They were supported by counsel Lillian Lian and associates Tracy Lee, Weijian You and Kevin Li.
