Bain-owned Lionbridge gets funding from Baidu, Sunshine Insurance
Lionbridge, a Chinese commercial vehicle leasing business controlled by Bain Capital Private Equity, has received RMB1 billion ($150 million) in funding led by Baidu and Sunshine Capital, an investment unit of Sunshine Insurance Group.
The investors will work with Lionbridge on artificial intelligence-enabled (AI) risk control technology, autonomous intelligent driving, vehicle networking, and financial and insurance services. The aim...
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