Tencent Revs Up Driverless Car Program with New Tie-Up

(Beijing) —Tencent has accelerated its move into China's self-driving car race by making a deal with the country's first industry park for connected vehicles, as the internet giant plays catch-up with rivals Baidu and Alibaba.

Under their framework deal signed on Thursday, Tencent Holdings Ltd. and Shanghai International Automobile City agreed to collaborate on autonomous driving, high-definition mapping and setting industry standards for smart cars.