Mobile Game Developer Kunlun To Pay $50M For 3% Shares In China’s Waymo Rival

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Kunlun Group Limited, a wholly-owned subsidiary of Chinese mobile game developer Beijing Kunlun Tech Co Ltd, plans to invest US$50 million for a 3% stake in the country’s autonomous car start-up Pony.ai, according to an announcement released by Shenzhen-listed Beijing Kunlun Tech on late Wednesday.

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