CHONGQING – Tencent and Chang’an signed a cooperation agreement on April 12 to set up a joint venture to deepen cooperation in IOV overall solution, big data, cloud computing and other fields to promote the rapid development of intelligent connected vehicles. It’s expected to release more detailed information about this
Read MoreCHENGDU – At the 2017 Tencent Global Partner Conference held here on November 8, Tencent officially released its connected vehicle ecosystem named AI in Car and announced the system’s first OEM partners: GAC Group, Chang’an, Geely, BYD and Dongfeng Liuzhou Motor. Ren Yuxin, COO of Tencent, said that AI in
Read MoreShanghai – NIO has recently closed a $1 billion financing round, according to a report from Tencent Science and Technology on November 8 citing one of its early investors. The financing round was led by Tencent and others including Baillie Gifford, Lone Pine, CITIC Capital and China AMC, and increases
Read MoreBEIJING – Renrenche.com, a leading e-commerce platform for C2C used vehicle transaction, announced on September 25 that it has received a fresh $200 million financing round from DiDi Chuxing to support the rapid development of its scale-up strategy. The two sides will have all-around and in-depth cooperation to jointly build
Read MoreGUANGZHOU – Guangzhou Automobile Group Co., Ltd. (GAC) and Chinese internet giant Tencent signed a strategic cooperation agreement here on September 18 to create a smart connectivity brand. On the one hand, the two sides will carry out business cooperation in the areas of IOV services, smart driving, cloud platform,
Read MoreOn April 8, 2017, BAIC Group established a new company to expand efforts to profit from mobility services, putting Cai Suping, member of the standing committee of BAIC Group Party committee, as vice president in charge. “The new unit, BAIC Mobility LLC, could integrate all mobility resources of BAIC Group with hundreds of
Read MoreDuring the golden age of PC and intelligent mobile phone processors, Intel has owned keynotes at CES in Las Vegas since 2012. But it was NVIDIA’s turn this year. AT CES 2017 on January 4, NVIDIA founder and CEO Jen-Hsun Huang hit the prime time showing his company’s leadership in
Read MoreBMW, Daimler und Audi have agreed to sell a 10 percent stake in HERE to NavInfo, Tencent and GIC, aiming to further broaden their business in China. The planned transaction would result in NavInfo, and Tencent, together with GIC (a leading global investment firm) take a 10 percent stake in
Read MoreMany of us aren’t aware of how historical the times we live in China. As President Xin Jinping said at the G20 Summit in Hangzhou in early September: “Proceeding from the new starting point, China will pursue an innovation-driven development strategy to create stronger growth drivers. Scientific and technological
Read MoreOn September 6 in Wolfsburg, Volkswagen AG signed an MOU with Jianghuai Automobile Co., Ltd. (JAC) for a potential partnership and a possible joint venture to make electric cars in China. “As we aim to be at the forefront of e-mobility, Volkswagen Group is looking forward to explore all options
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