Tech Insider: China’s Latest Self-Driving Unicorn, Nio’s New Electric Sedan

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Self-driving startup Haomo gets its unicorn horn after new funding round

Beijing-based autonomous driving startup Haomo AI said Tuesday that it had raised 1 billion yuan ($150 million) in a series A funding round from a group of big-name investors including Meituan, GL Ventures and Qualcomm Ventures, giving it a valuation in excess of $1 billion.