NIO-backed AR firm Nreal closes $60 million new funding round led by Alibaba
NIO announced the panoramic digital cockpit PanoCinema when it unveiled the ET5 sedan, and introduced the first AR device built jointly by it and Nreal.
Self-driving startup DeepRoute.ai closes $300 million in new funding led by Alibaba
DeepRoute.ai said it closed a $300 million Series B funding round led by Alibaba, making it the first such company in China that the e-commerce giant has invested in.
Alibaba invests in autonomous driving company DeepRoute.ai
Alibaba became the majority shareholder with a 19.68 percent stake, the information shows.
BREAKING: Alibaba increased its long position in XPeng HK shares by about 15%
On July 7, Alibaba increased its long position in XPeng Motors from 0% to 14.97%, according to a HKEx filing.
Alibaba says it's working on self-driving trucks
Chinese e-commerce giant Alibaba is working on self-driving trucks with its logistics subsidiary Cainiao, Cheng Li, the company's chief technology officer, said Thursday.
Alibaba, Xpeng's largest outside shareholder, holds 13.3% of stake
As of August 26, Alibaba owned 19% of Xpeng's Class A common stock, or 13.3% of Xpeng's outstanding common stock, according to Alibaba and Xpeng's filings with the US Securities and Exchange Commission.
Xpeng raises another $300 million in funding led by Alibaba
Less than half a month after raising $500 million in a Series C+ round, Chinese electric car company Xpeng Motors has raised another round of over $300 million in funding, according to 36Kr.
Alibaba releases world's first autonomous driving simulation road test platform
Alibaba DAMO Academy today released the world's first autonomous driving "hybrid simulation test platform" which uses a combination of virtual and real simulation technology to introduce real drive test scenarios and cloud trainers.
Alibaba-backed AutoX applies for self-driving car test in California
Alibaba-invested Chinese startup AutoX has applied to test self-driving cars in California without human drivers. This will be another self-driving car test without a human driver after Waymo.