Mobility

The company aims to raise up to USD 4 billion in its float.

China’s desire to tighten control over massive troves of user data poses challenges for the country’s tech players in mapping, ride-hailing, and autonomous driving sectors.

Shouqi bills itself as an upscale, exclusive ride provider with government backing and connections.

The company has appointed Christopher Bousigues as country manager.

The Beijing-based robotics startup plans to launch its Journey 5 chip, which supports L4 autonomous driving.

To the surprise of many, China’s largest OTA is Meituan, an internet behemoth that’s mostly known as a food delivery giant.

The company vows to push forward on R&D for autonomous driving.

Both ahead of IT giants in patent terms, as traditional techniques come into focus.