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BUSINESS & TECH

Electric Carmaker WM Motor Gets Baidu Cash in Latest Fundraising

Photo: Visual China
Photo: Visual China

Electric vehicle-maker WM Motor Technology Co. Ltd. has completed a new round of fundraising involving a group led by Baidu Inc., which it said has brought the total amount it has raised to 12 billion yuan ($1.8 billion).

Baidu and its investment arm Baidu Capital are among the investors, including SIG Asia Investment and Ameba Capital, but the details of their recent investment have not yet been disclosed.

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