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CHINA BRIEF | Wuhan travel restrictions to be lifted April 8, allowing residents with green QR codes to leave
The city has been locked down for more than two months.
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New funds will be used for research and development on courses and new technologies.
While Samsung and Apple have remained as top two smartphone vendors in the world.
Qingzhu was first incubated inside Meituan Dianping but went solo in January 2019 as a separate company.
The platform targets 100,000 residents in more than 30 neighborhoods in the city of Qianjiang.
The plan is meant to better protect investors' interests, says the firm.
The two companies will cooperate in strategic investments and digital content licensing.
The app will carry comprehensive information about consumer vehicles and connect users with auto dealers.
The company is among the many Chinese tech companies leveraging their capabilities to fight the coronavirus.