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 […]