In-car connected technology developer Mogu Zhixing has received $120m in a Tencent-led series A round that included JD.com and Bertelsmann Asia Investments.
Internet group Tencent has led a $120m series A round for China-based connected vehicle technology developer Mogu Zhixing, China Money Network reported today, citing data on business information platform Tianyancha.
E-commerce firm JD.com and Bertelsmann Asia Investments, the local corporate venturing arm for media group Bertelsmann, were also among the participants in the round. In addition, online automotive marketplace Yixin could be among the investors, according to 36Kr.
Mogu Zhixing has created an in-car system that can use internet-of-things technology…
