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Other participants of this round include Tencent, Hillhouse Capital, and Sequoia Capital. 

The company’s China business has been cut by 80% compared with 2019.

Xpeng says Gu’s resignation will not impact the company’s self-driving business.

In China, which has been severely impacted by the coronavirus outbreak, Oyo plans to let go of 50% of its 6,000 direct full-time employees.

The company had expanded its operations into Australia, Malaysia, and Thailand in 2019.

AnyMind has secured a total of USD 62.3 million of capital to date.

High penetration of digital payments in China makes consumers an attractive target for criminals looking to deploy financial malware.

The service will cover rides of about 2.5 kilometers.