New stock news | SAIC Xiaodao Travel completes C-round financing of 1.3 billion yuan and has initiated Hong Kong IPO plan.

According to the Securities Times APP, on May 9th, SAIC Group (600104.SH) announced that its mobile transportation strategy brand, Xiangdao Travel, has completed a C-round financing of over 1.3 billion RMB, marking a significant milestone for the company. In addition, Xiangdao Travel has stated that it has initiated plans for a Hong Kong IPO.