After months of infighting, Chinese self-driving vehicle company Roadstar.ai is reportedly facing possible dissolution at the request of its investors, the latest in a series of blows following accusations of corruption and fraud among its co-founders.

According to Chinese media organization QbitAI, the Silicon Valley and Shenzhen-based self-driving startup is currently adopting resolutions on liquidation after major shareholders began procedures to dissolve the company. The company’s RMB 600 million (around $90 million) funds have been frozen, and CEO Tong Xianqiao has received a notice of arbitration, TMTPost reported (in Chinese), citing Tong.

A spokesperson from Chinese venture capital firm Yunqi Partners, one of its main investors, told TechNode on Monday that Yunqi’s investment team is dealing with the matter, and that there was nothing to announce (our translation). Meanwhile a voice recording reached when dialing the registered telephone number for Roadstar.ai listed on Chinese business research platform Tianyancha stated that the account was “overdue” and unavailable as of Monday.

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Jill Shen

Jill Shen is Shanghai-based technology reporter. She covers Chinese mobility, autonomous vehicles, and electric cars. Connect with her via e-mail: jill.shen@technode.com or Twitter: @yushan_shen