Venture Houston 2018
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13 September 2018

Nio parks in public markets with $1bn

The Tencent,Baidu, Lenovo and JD.com-backed electric carmaker floated near the foot of its range at a reported $6.4bn valuation.

Author: Robert Lavine, News Editor

Nio, the China-based smart electric car developer that counts domestic corporates Tencent, Baidu, Lenovo and JD.com as investors, raised approximately $1bn when it floated on the New York Stock Exchange yesterday.