Tech Insider: China’s New Ride-Hailing Unicorn, Mini-EV Firm’s Drive Into Indonesia
Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.
State automaker’s ride-hailing platform goes unicorn
Xiangdao Chuxing, a ride-hailing platform owned by state auto giant SAIC Motor Corp. Ltd. (600104.SH), has announced the completion of a 1 billion yuan ($148 million) series B funding round that valued it at $1 billion.
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