Chinese EV Firm WM Motor Confirms Baidu Investment In Bid To Raise Up To $4.5B

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Chinese electric vehicle maker WM Motor confirms that Baidu Inc. and its investment arm Baidu Capital have joined a financing round in the Shanghai-based start-up, WM Motor’s founder and CEO Freeman Shen told China Money Network in a private message.

China Money Network

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.