Ruqi Travel is officially listed on the Main Board of the Hong Kong Stock Exchange

On July 10, GAC Group's smart travel platform Ruqi Travel was officially listed on the main board of the Hong Kong Stock Exchange. This time, Ruqi Travel's issuance and listing received cornerstone investment from investors such as GAC Industrial Group, Pony.ai, Voyager (Didi Autonomous Driving), and WeRide. After five years of development, Ruqi Travel's business includes travel services (online car-hailing, Robotaxi, etc.), technical services (artificial intelligence data and model solutions and high-precision maps), and fleet sales and maintenance that provide full support for drivers and capacity franchisees. It has successively carried out founding rounds, A rounds and B rounds of financing in 2019, 2022, and 2023. After the three rounds of financing, the company's valuation was 1 billion yuan, 3.01 billion yuan and 5.36 billion yuan respectively. Ruqi Travel's total revenue in 2021, 2022 and 2023 was 1.014 billion yuan, 1.368 billion yuan and 2.161 billion yuan respectively, with an annual compound growth rate of 46%. Currently, there are more than 23 million users of travel services.