Chinese Internet giant Tencent Holdings Ltd. has set up a joint venture with Chinese automobile manufacturer Changan Automobile Co., Ltd. to co-develop autonomous driving technologies and connected vehicle platforms. It marks Tencent’s latest move in the automotive sector to rival Alibaba and Baidu. Last November, Tencent partnered with five automakers including Changan, GAC Group, Geely, BYD and Dongfeng Liuzhou Motor to build an "AI in car" ecosystem. Tencent said at the time it will leverage its abilities in content, big data, …

Tencent, Changan Automobile Launch Connected Vehicle Platform Joint Venture appeared first on China Money Network.


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