TikTok owner ByteDance said to make foray into smart cars with investment in self-driving start-up QCraft

//TikTok owner ByteDance said to make foray into smart cars with investment in self-driving start-up QCraft

TikTok owner ByteDance said to make foray into smart cars with investment in self-driving start-up QCraft

Chinese social media titan ByteDance is investing in local autonomous driving start-up QCraft, according to people familiar with the matter, another sign of the blurring of boundaries between car companies and Big Tech.The owner of TikTok is investing in QCraft’s latest fundraising round of at least US$25 million, said the people, who asked not to be identified because the discussions are private. QCraft’s technology is being tested on minibuses in parts of China.A ByteDance spokesman had no…

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By | 2021-03-05T04:54:35+00:00 March 5th, 2021|Technology|Comments Off on TikTok owner ByteDance said to make foray into smart cars with investment in self-driving start-up QCraft