China’s Pony.ai to receive $50m from Beijing Kunlun Tech
China and US-based autonomous driving technology developer Pony.ai will receive $50 million from listed internet company Beijing Kunlun Tech in a deal that values the business at approximately $1.7 billion.
The transaction coincides with local rival AutoX announcing the completion of the third tranche of its Series A round - said to be worth tens of millions of dollars - which was led by state-owned car...
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