Chinese IoT-Enabled Auto Services Start-Up Mogu Zhixing Bags $120M Series A Round

Chinese internet of things (IoT) enabled automobile services start-up Mogu Zhixing has secured a US$120 million series A round of financing led by the country’s social media and gaming magnate Tencent, shows information updated on Chinese business data platform Tianyancha¬†on Friday. Other investors, including Chinese e-commerce giant JD.com and Bertelsmann Asia Investments (BAI), a wholly-owned […]

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