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Aggregated China Business Blogs
Alibaba, SAIC Motor To Establish $160M Internet Auto Fund
Aggregated Source: China Money Network
Chinese e-commerce giant Alibaba Group Holding Limited and Shanghai-based auto maker SAIC Motor Corp Limited plan to establish an Internet automobile fund with RMB1 billion (US$160 million) in capital to foster the development of Internet-connected cars, according to a company announcement. The two parties will launch their first vehicle with the concept of "Car on […]

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