Qcraft, a Chinese self-driving car developer backed by ByteDance and Meituan, said on Friday it has raised “hundreds of millions of RMB” in a round of financing, including from a subsidiary of investment bank China International Capital Corporation. Consumer electronics giant TCL and an unnamed top-tier chipmaker are also among the backers. In May, the company said it has been working with Horizon Robotics, a Chinese auto tech unicorn and a partner of Volkswagen, to test automated driving technology for mass produced vehicles. [36Kr, in Chinese]