Baidu Capital leads $466m Series C for China’s WM Motor
WM Motor Technology, a Chinese electric vehicle manufacturer, has raised RMB3 billion ($466 million) in a Series C round of funding led by existing investor Baidu Capital.
Other participants include state-owned fund Taihang Industrial Fund and Linear Venture. Baidu Capital, an investment unit of Chinese internet giant Baidu, participated in a round of undisclosed size in...
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