Venture capital

Self-driving startup gets the attention of Dongfeng and Alibaba

AutoX is streets ahead of its competitors. It has attracted the largest fundraising in the Chinese autonomous driving market so far this year.

Chinese auto manufacturers are investing in technology startups to compete in the field of autonomous driving.

AutoX, an autonomous driving startup with offices in Hong Kong and San Francisco, has raised $100 million in Series A funding to develop deep learning for driving.

Dongfeng Motor Corporation led the investment. Alibaba Entrepreneurs Fund also joined, together with incubator Plug and Play Tech Center, Hong Kong Science Park and other investors.

It is the largest fundraising so far this year in the Chinese autonomous driving market. It is a sector that is expected grow rapidly in the 5G era, as the technology transmits a...

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