Tencent

Founded in 1998, Tencent is a leading global technology company based in China. It operates the world's largest game publishing business and owns WeChat, one of the most widely used messaging apps globally with over 1 billion users. The company offers a range of services including social networking, gaming, fintech, cloud computing, online advertising, and digital content.

Hongwei Chen

Executive Director of Investment

Linq Ge

Chief European Representative

Lin Haifeng

General Manager, M&A

Kyle Kurpinski

Investor

Martin Lau

President

Jeffrey Li

Managing Partner

Alvin Liu

Co-Founder

Steven Ma

SVP

Danying Ma

Managing Director

Huateng Ma

Co-Founder, Chairman and CEO

James Mitchell

Chief Strategy Officer

Charles Searle

Board Member

David Wallerstein

Chief Exploration Officer

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Bo Wang

Vice President, Tencent Games

Xiaoguang Wu

Senior Executive Vice President and CEO

Yao Xia

Executive Director

Levin Yao

Managing Director, Tencent Investment

Wenlei Zhuang

Vice President of Tencent Cloud and Head of Tencent Cloud Strategic Investment

phil mu

Chief Investment Officer

Dowson Tong

President of Social Network Group, Senior Executive Vice President

Miao (Mars) Hou

Head of Tencent Sports

Past deals in Automotive

Agibot

Series B in 2025
Agibot develops humanoid robots that use artificial intelligence to perform real-world tasks. Its robots are designed for fine-grained manipulation and collaboration, aiming to enhance operational efficiency across various industries. Agibot explores new applications for its technology, contributing to the evolution of robotics in everyday environments.

Mogu Zhixing

Series C in 2023
Mogu Zhixing is a software as a service (SaaS) connected cars platform launched in November 2017 by a Chinese company whose name can be translated as "Zhidao Network Technology Co." Leveraging its "hardware plus operating system plus application" service model, the company primarily provides a range of services like locating and tracking vehicles, generating traveling data and searching for car maintenance.

Rox Motor

Series E in 2023
ROX Motor is a company dedicated to the development of off-road new energy vehicles, specializing in innovative technologies that enhance smart car capabilities. The firm focuses on research and development in several key areas, including new energy power systems, intelligent cockpit designs, and autonomous driving solutions. By providing advanced product definitions and core intelligence technologies, ROX Motor aims to improve the overall quality of products within the new energy vehicle industry, catering to the growing demand for environmentally friendly and technologically advanced transportation options.

Ingeek

Series B in 2022
Shanghai InGeek Cyber Security Co., Ltd., founded in 2002 and headquartered in Shanghai, China, specializes in providing comprehensive services in information, network, and system security. As a subsidiary of Shanghai Yinji Information Technology Co., Ltd., InGeek focuses on promoting Internet of Things security and delivering industry-specific solutions for the communications, financial, and automotive sectors. The company offers a range of services including consulting, implementation, operation, maintenance, and software development, aimed at enhancing network information security. InGeek is committed to advancing the safety and practicality of smart, connected vehicles, thereby contributing to a more secure digital landscape.

Wuzhi Intelligence

Seed Round in 2022
Wuzhi Intelligence is a technology company that specializes in artificial intelligence, security orchestration, automation, and response. They produce products for finance, operators, energy, tobacco, automobile manufacturing, and other industries.

CARS24

Series G in 2021
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.

Lanxin Technology

Series B in 2021
Lanxin Technology provides 3D visual sensors, intelligent logistics robots, and robot intelligent scheduling software system solutions. The company's products include an intelligent handling robot, a fusion navigation product with 3D visual navigation and scheduling system, and Forklift Series. Lanxin Technology's products and services are for 3C, new energy, packaging, automobile, medicine, construction machinery, and many other industries.

Rox Motor

Series C in 2021
ROX Motor is a company dedicated to the development of off-road new energy vehicles, specializing in innovative technologies that enhance smart car capabilities. The firm focuses on research and development in several key areas, including new energy power systems, intelligent cockpit designs, and autonomous driving solutions. By providing advanced product definitions and core intelligence technologies, ROX Motor aims to improve the overall quality of products within the new energy vehicle industry, catering to the growing demand for environmentally friendly and technologically advanced transportation options.

CARS24

Series F in 2021
CARS24 Services Pvt. Ltd. is a company based in Gurugram, India, specializing in the buying and selling of used cars. Founded in 2015, CARS24 operates as a subsidiary of Global Car Group and has developed a tech-enabled marketplace that transforms the process of selling pre-owned vehicles. The company offers car inspection and valuation services, utilizing an AI-driven pricing algorithm to provide accurate market and appraisal prices. This innovative approach facilitates secure and efficient transactions, enabling car owners to sell their vehicles at fair prices through a network of channel partners across various cities in India. Additionally, CARS24 offers vehicle lending products, expanding its services within the automotive finance sector.

Zhejiang Century Huatong Group Company

Post in 2021
Zhejiang Century Huatong Group Company is a diversified enterprise based in China, primarily engaged in three main sectors: internet gaming, automotive parts manufacturing, and artificial intelligence. In the gaming sector, the company develops and publishes a range of online games. In the automotive domain, it focuses on the research, development, production, and sale of plastic and metal stamped parts, serving as a secondary supplier of auto components. Additionally, the company is involved in artificial intelligence cloud data services, brain science research, and the development of metaverse applications, reflecting its commitment to innovation and technological advancement.

WM Motor

Series D in 2020
WM Motor Technology Co., Ltd., founded in 2015 and based in Shanghai, China, specializes in the design, development, and manufacture of electric vehicles. The company focuses on creating energy-efficient and battery-operated vehicles, offering innovative travel solutions to its customers. WM Motor emphasizes the integration of advanced technologies in its products, featuring the Living Motion electric powertrain, Living Pilot intelligent driving assistance system, and Living Engine operating system. These technologies provide enhanced connectivity and interactive capabilities, contributing to the efficiency and intelligence of its smart vehicle offerings.

Next Engine

Series A in 2019
Next Engine is an industrial Internet technology company focused on transforming the automotive industry through digital solutions. The company offers a range of professional services to car manufacturers, including car network cloud services, user-direct cloud connections, and support for digital operations growth. By leveraging the Internet, the Internet of Things, and artificial intelligence, Next Engine aids in the research and development of intelligent connected vehicles and new energy platforms. Its innovative approach also encompasses big data application platforms, all aimed at enhancing the overall user experience in the automotive sector.

Tuhu

Series F in 2019
Tuhu operates an integrated online and offline platform for automotive services in China, delivering same-day or next-day delivery of after-sales products and installation services to customers across mainland China in over 260 cities. It serves online channels through its website, mobile app, call center, and third-party e-commerce platforms, and offline via self-operated workshops, franchised workshops, and third-party partner stores. The platform aggregates diverse car service needs for passenger vehicles, including tires, chassis parts replacement, maintenance, repair, and detailing, through its TUHU Automotive Service app and related interfaces, providing a centralized, on-demand service experience.

NIO

Post in 2019
NIO is a pioneering Chinese company specializing in premium smart electric vehicles. Established in 2014, NIO designs, manufactures, and sells high-performance EVs, focusing on the premium segment. The company offers a range of models including SUVs and sedans, and is known for its innovative charging solutions such as battery swapping services. NIO also invests in next-generation technologies like autonomous driving and artificial intelligence to enhance user experience.

Secondmind

Series B in 2019
Secondmind Ltd. is a software development company based in Cambridge, United Kingdom, founded in 2016. The company specializes in machine learning technology to assist automotive innovators in designing cleaner, more sustainable vehicles. Its core product, the Secondmind Decision Engine, is a cloud-based platform that empowers users to predict, plan, and manage complex decisions while navigating the intricacies of engineering design, particularly during the transition to electrification. By leveraging advanced machine learning algorithms, Secondmind aims to enhance the design, development, and driving experience of vehicles, ultimately contributing to the goal of carbon-neutral mobility. Formerly known as Prowler.io Limited, the company rebranded in October 2020 and has established itself as a leader in applying practical machine learning research to the automotive sector.

Mogu Zhixing

Series A in 2019
Mogu Zhixing is a software as a service (SaaS) connected cars platform launched in November 2017 by a Chinese company whose name can be translated as "Zhidao Network Technology Co." Leveraging its "hardware plus operating system plus application" service model, the company primarily provides a range of services like locating and tracking vehicles, generating traveling data and searching for car maintenance.

AutoAI

Series A in 2019
AutoAI develops intelligent network systems for next-generation autonomous vehicles. Established by prominent investment institutions and internet companies, the company specializes in smart cockpit solutions for the automotive industry, offering navigation, entertainment, voice control, and driver assistance functionalities.

Youcheyihou.com

Series D in 2019
YouCheYiHou is a car media platform that offers a range of services including a mobile app and small program solutions, alongside e-commerce for automotive supplies. The platform serves as an online information hub for motor vehicle transactions, providing users with updates on car models, maintenance tips, and insights into the car industry. By leveraging big data from the automotive sector, YouCheYiHou aids car dealerships in managing sales, branding, and customer service, while also delivering valuable information to both consumers and dealers.

Momenta

Series C in 2018
Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.

Tuhu

Series E in 2018
Tuhu operates an integrated online and offline platform for automotive services in China, delivering same-day or next-day delivery of after-sales products and installation services to customers across mainland China in over 260 cities. It serves online channels through its website, mobile app, call center, and third-party e-commerce platforms, and offline via self-operated workshops, franchised workshops, and third-party partner stores. The platform aggregates diverse car service needs for passenger vehicles, including tires, chassis parts replacement, maintenance, repair, and detailing, through its TUHU Automotive Service app and related interfaces, providing a centralized, on-demand service experience.

RenRenChe

Series E in 2018
RenRenChe, founded in April 2014, operates as a consumer-to-consumer (C2C) auto transaction service platform specializing in both used and new car sales. The company offers a range of services, including free door-to-door car valuation, sales, and replacement. To ensure quality, RenRenChe has established rigorous testing standards and employs a team of professional appraisers, collaborating with the China Automobile Dealers Association to set national benchmarks for second-hand car testing. The platform provides significant after-sales guarantees, including a 14-day return policy and a one-year warranty on core components, thereby enhancing buyer confidence. RenRenChe has attracted considerable investment, securing significant funding from notable investors, which has facilitated its growth and technological development within the industry.

WM Motor

Corporate Round in 2017
WM Motor Technology Co., Ltd., founded in 2015 and based in Shanghai, China, specializes in the design, development, and manufacture of electric vehicles. The company focuses on creating energy-efficient and battery-operated vehicles, offering innovative travel solutions to its customers. WM Motor emphasizes the integration of advanced technologies in its products, featuring the Living Motion electric powertrain, Living Pilot intelligent driving assistance system, and Living Engine operating system. These technologies provide enhanced connectivity and interactive capabilities, contributing to the efficiency and intelligence of its smart vehicle offerings.

WM Motor

Series B in 2017
WM Motor Technology Co., Ltd., founded in 2015 and based in Shanghai, China, specializes in the design, development, and manufacture of electric vehicles. The company focuses on creating energy-efficient and battery-operated vehicles, offering innovative travel solutions to its customers. WM Motor emphasizes the integration of advanced technologies in its products, featuring the Living Motion electric powertrain, Living Pilot intelligent driving assistance system, and Living Engine operating system. These technologies provide enhanced connectivity and interactive capabilities, contributing to the efficiency and intelligence of its smart vehicle offerings.

NIO

Series D in 2017
NIO is a pioneering Chinese company specializing in premium smart electric vehicles. Established in 2014, NIO designs, manufactures, and sells high-performance EVs, focusing on the premium segment. The company offers a range of models including SUVs and sedans, and is known for its innovative charging solutions such as battery swapping services. NIO also invests in next-generation technologies like autonomous driving and artificial intelligence to enhance user experience.

Yixin Group

Series C in 2017
Yixin Group is an online automobile finance transaction platform based in China, specializing in facilitating vehicle loans. The company operates primarily in two segments: transaction platform services and self-operated financing. The transaction platform segment connects consumers with auto finance partners to facilitate auto loans, which constitutes the majority of its revenue. Additionally, the self-operated financing segment provides auto finance solutions through financing leases. By offering a comprehensive range of financing options, Yixin Group aims to streamline the vehicle purchasing process for consumers while supporting its partners in the auto finance industry.

Yixin Capital

Funding Round in 2017
The firm aims to develop a consumer-centric automotive transaction platform which connects consumers with a partner network that includes automakers, auto dealers, financing and insurance partners, as well as aftermarket service providers.

Huochebang

Series B in 2017
Huochebang is an online truck logistics platform that connects cargo shippers with truck drivers across China. The company offers an integrated service that facilitates communication between these two parties by listing available truck capacity and assisting drivers in finding commodities to transport and vacant parking lots. Additionally, Huochebang provides services related to truck sales and used truck auctions, contributing to the overall efficiency and cost-effectiveness of the transportation sector. By streamlining the logistics process, Huochebang enhances the operations of both truckers and shippers in the Chinese market.

Bitauto Holdings

Post in 2017
Bitauto Holdings Limited is a prominent provider of internet content and marketing services tailored to China's rapidly expanding automotive sector. The company operates through three key segments: advertising and subscription services, transaction services, and digital marketing solutions. Its advertising segment offers a range of services to automakers, utilizing websites and mobile applications to deliver transaction-focused online advertisements and promotional activities. Additionally, Bitauto's transaction services facilitate connections between automakers, automobile dealers, and financial partners, enhancing the purchasing process for consumers. The digital marketing solutions segment encompasses website creation and maintenance, online public relations, marketing campaigns, and data analytics, supporting clients in enhancing their online presence and engagement. Overall, Bitauto plays a significant role in shaping the digital landscape of the automotive industry in China.

Tesla

Post in 2017
Tesla designs and manufactures electric vehicles and energy generation and storage systems, pursuing a vertically integrated approach to product and software development. It offers a full range of electric cars, including sedans and crossover models, and markets its vehicles through company-owned stores and its website. The company also produces and sells stationary energy storage batteries for residential, commercial, and utility use, and provides solar energy generation and solar storage products. It operates a fast-charging network and develops autonomous driving software. Headquartered in Palo Alto, California, Tesla serves international markets and aims to accelerate the transition to sustainable mobility through innovation across vehicles, energy, and software.

NIO

Series C in 2017
NIO is a pioneering Chinese company specializing in premium smart electric vehicles. Established in 2014, NIO designs, manufactures, and sells high-performance EVs, focusing on the premium segment. The company offers a range of models including SUVs and sedans, and is known for its innovative charging solutions such as battery swapping services. NIO also invests in next-generation technologies like autonomous driving and artificial intelligence to enhance user experience.

Huochebang

Series B in 2016
Huochebang is an online truck logistics platform that connects cargo shippers with truck drivers across China. The company offers an integrated service that facilitates communication between these two parties by listing available truck capacity and assisting drivers in finding commodities to transport and vacant parking lots. Additionally, Huochebang provides services related to truck sales and used truck auctions, contributing to the overall efficiency and cost-effectiveness of the transportation sector. By streamlining the logistics process, Huochebang enhances the operations of both truckers and shippers in the Chinese market.

Yixin Capital

Funding Round in 2016
The firm aims to develop a consumer-centric automotive transaction platform which connects consumers with a partner network that includes automakers, auto dealers, financing and insurance partners, as well as aftermarket service providers.

NIO

Series B in 2016
NIO is a pioneering Chinese company specializing in premium smart electric vehicles. Established in 2014, NIO designs, manufactures, and sells high-performance EVs, focusing on the premium segment. The company offers a range of models including SUVs and sedans, and is known for its innovative charging solutions such as battery swapping services. NIO also invests in next-generation technologies like autonomous driving and artificial intelligence to enhance user experience.

Byton

Series A in 2016
Byton is a start-up focused on revolutionizing the automotive industry by developing electric vehicles that integrate advanced smart technologies. The company aims to transform cars into connected smart devices, enhancing the driving experience through features such as facial recognition for unlocking doors and comprehensive entertainment systems embedded in the dashboard. Byton emphasizes the synergy between automobiles and digital innovation, positioning itself as a leader in the evolving landscape of connected mobility. With a commitment to environmentally friendly transportation, Byton seeks to provide consumers with intelligent driving solutions that are both modern and sustainable.

Didi

Funding Round in 2016
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

RenRenChe

Series C in 2015
RenRenChe, founded in April 2014, operates as a consumer-to-consumer (C2C) auto transaction service platform specializing in both used and new car sales. The company offers a range of services, including free door-to-door car valuation, sales, and replacement. To ensure quality, RenRenChe has established rigorous testing standards and employs a team of professional appraisers, collaborating with the China Automobile Dealers Association to set national benchmarks for second-hand car testing. The platform provides significant after-sales guarantees, including a 14-day return policy and a one-year warranty on core components, thereby enhancing buyer confidence. RenRenChe has attracted considerable investment, securing significant funding from notable investors, which has facilitated its growth and technological development within the industry.

Huochebang

Series A in 2015
Huochebang is an online truck logistics platform that connects cargo shippers with truck drivers across China. The company offers an integrated service that facilitates communication between these two parties by listing available truck capacity and assisting drivers in finding commodities to transport and vacant parking lots. Additionally, Huochebang provides services related to truck sales and used truck auctions, contributing to the overall efficiency and cost-effectiveness of the transportation sector. By streamlining the logistics process, Huochebang enhances the operations of both truckers and shippers in the Chinese market.

Didi

Private Equity Round in 2015
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

Cyngn

Series C in 2015
Cyngn Inc. is an industrial autonomous vehicle technology company based in Palo Alto, California. The company specializes in developing DriveMod, an autonomous driving solution that integrates with a range of commercially available sensors and hardware, enabling safe and efficient self-driving capabilities for various vehicle types. This vehicle-agnostic technology allows for flexibility in deployment across heterogeneous fleets, offering modes that include fully autonomous, remotely controlled, and manual operations. Cyngn addresses critical challenges faced by industrial organizations such as labor shortages, costly safety incidents, and the increasing demand for eCommerce efficiency through its innovative solutions. Originally founded in 2009 as Cyanogen Inc., the company transitioned to focus on autonomous vehicle technology to meet the evolving needs of the market.

Cyngn

Series C in 2015
Cyngn Inc. is an industrial autonomous vehicle technology company based in Palo Alto, California. The company specializes in developing DriveMod, an autonomous driving solution that integrates with a range of commercially available sensors and hardware, enabling safe and efficient self-driving capabilities for various vehicle types. This vehicle-agnostic technology allows for flexibility in deployment across heterogeneous fleets, offering modes that include fully autonomous, remotely controlled, and manual operations. Cyngn addresses critical challenges faced by industrial organizations such as labor shortages, costly safety incidents, and the increasing demand for eCommerce efficiency through its innovative solutions. Originally founded in 2009 as Cyanogen Inc., the company transitioned to focus on autonomous vehicle technology to meet the evolving needs of the market.

Didi

Series D in 2014
Didi Chuxing, founded in 2012 in Beijing, is a leading mobile transportation platform providing app-based services such as taxi hailing, private car-hailing, social ride-sharing, car rental, and enterprise solutions. With over 450 million users and daily orders reaching 25 million, Didi offers a variety of mobility options to optimize resource allocation through big data-driven algorithms. The company aims to address transportation, environmental, and employment challenges by collaborating with communities and partners. Acquiring Uber China in 2016, Didi has over 21 million drivers and car owners on its platform, generating income while offering convenient transportation solutions to users worldwide.

Cyngn

Series B in 2013
Cyngn Inc. is an industrial autonomous vehicle technology company based in Palo Alto, California. The company specializes in developing DriveMod, an autonomous driving solution that integrates with a range of commercially available sensors and hardware, enabling safe and efficient self-driving capabilities for various vehicle types. This vehicle-agnostic technology allows for flexibility in deployment across heterogeneous fleets, offering modes that include fully autonomous, remotely controlled, and manual operations. Cyngn addresses critical challenges faced by industrial organizations such as labor shortages, costly safety incidents, and the increasing demand for eCommerce efficiency through its innovative solutions. Originally founded in 2009 as Cyanogen Inc., the company transitioned to focus on autonomous vehicle technology to meet the evolving needs of the market.

Momenta

Momenta is an autonomous driving startup based in Beijing that specializes in developing advanced software solutions for full autonomy in vehicles. The company leverages deep learning technologies for perception, high-definition semantic mapping, and data-driven path planning, providing multi-level autonomous driving solutions alongside big data products and services. Momenta's team includes leading experts in computer vision and deep learning, contributing to the company's innovative approach to autonomous driving. Their technology is designed to enhance driving efficiency and safety, aiming to improve the overall experience for users through artificial intelligence.
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