China's Bitauto unit raises $1 bln from internet giants Tencent, Baidu

China's Bitauto unit raises $1 bln from internet giants Tencent, Baidu

SHANGHAI (Reuters) – Bitauto Holdings Ltd has raised around $1 billion from Tencent Holdings Ltd , Baidu Inc and JD.com Inc to date as it seeks to develop China’s largest online car financing platform, its chief told Reuters on Thursday.

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