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Tesla seizes momentum in China ahead of Shanghai Gigafactory's inauguration
Its Model 3 is the key.
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It now backs other unicorns such as Tuhu and Danke.
A car featuring this system is scheduled to go into production in a little over one month.
Aside from the acquisition, another deal also brings Beijing Digital Telecom into the fold of JD.com.
The market is expanding fast in China.
Gaming companies are its first target.
It makes use of WeChat's mobile internet ecosystem.
The car is equipped with Xiaomi's AI assistant.
The Chinese government hopes companies can develop homegrown core technologies.