The limousine ride-sharing service has secured $106m in a series B+ round co-led by Baidu and Nio, following an $88m series B in July.

China-based ride hailing company Shouqi Limousine and Chauffeur has secured RMB700m ($106m) in a series B+ round co-led by internet company Baidu and electric vehicle maker Nio, the South China Morning Post reported today.

Shouqi, which is now valued at more than $1bn, was co-founded in 2015 by taxi services Shouqi Group and Xianglong Taxi. It operates a chauffeured on-demand car-hailing businesses that relies on its own fleet of vehicles.

Baidu will provide Shouqi with access to its artificial intelligence…