Wednesday, August 3, 2016

Tencent, Baidu, JD.com double down on Bitauto with US$550M investment

This is the third investment that Tencent and JD have made in the company Bitauto Holdings, a leading automotive information service in China, announced*on Tuesday a US$550 million strategic investment from a consortium comprised of Tencent, Baidu and*JD.com. A company statement noted that the investment would be made in cash, and go toward Bitauto’s e-commerce-related...
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