Baidu Invests in Auto Lending Site as Potential Platform for Autonomous Cars

  • Emma Sandler
  • April 21, 2017
Baidu Inc. — together with Tencent Holdings and — announced yesterday an investment of $1 billion in Bitauto Holdings, an e-commerce site for automobile users, manufacturers, and dealers, providing a potential platform for the Chinese search engine’s autonomous vehicle technology. The investment will go towards Bitauto’s financing subsidiary Yixin Capital. The funding is aimed at growing Bitauto’s […]

ZongMu Closes Series B, Advancing China’s Role in Autonomous Cars

  • Emma Sandler
  • February 27, 2017
ZongMu Technology closed a $14 million Series B, just days after becoming a listed entity on China’s New Third Board. The Series B was co-led by Legend Capital, the venture capital arm of Legend Holdings Ltd., and an undisclosed private equity firm. China-based ZongMu Technology, a self-driving technology company, joined China’s New Third Board (NTB) on Feb. […]