The joint company is expected to reach an annual production capacity of 300,000 and roll out the first batch of V9 vehicles in 2020.
JD.com will open the second Seven Fun in the second quarter of 2020. The store will be in Beijing as well.
The move could potentially increase the delivery rate of quake alerts by up to 200%.
JD Logistics, with its assets in supply chain, logistics, and warehouses, is one of the most valuable properties of the Chinese e-commerce giant.
China’s consumer market is still showing signs of life despite a slowing economy.
Li Shubin will become head of the Meituan app division, a key position for driving growth for the parent company.
Mapping has become a key stepping stone for companies looking to expand in the mobility services sector.
The updated values reflect the rapid pace of change in the digital era.
Baidu has had a rollercoaster of a year, seeing its share price fall by 36%.
Volocopter aims to use the funding to commercialize its VoloCity air taxi within the next three years.