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Posted inNews

Tencent, Baidu, JD.com Double Down On Bitauto With $550M Investment

Bitauto Holdings, a leading automotive information service in China, announced on Tuesday a $550 million USD 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 automotive financing platform Yixin Capital. Yixin Capital says the combination of data, users, […]

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