Everbright-IDG joins Series C for Chinese electric car maker
Everbright-IDG Industrial Fund has invested an undisclosed sum in China-based smart electric car maker Nio - formerly known as NextEV - as part of a Series C round that is still in the process of being raised.
Nio received an initial Series C commitment of approximately $600 million in March, led by Baidu Capital and Tencent Holdings. Investors including Warburg Pincus, IDG Capital, Hopu Investment, Legend Group,...
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