China Gets Low Marks On Autonomous Vehicle Preparedness Ranking

China will need to upgrade its regulatory framework and infrastructure before it becomes a leader in the autonomous vehicles space, according to a study by KPMG. In the report, China came 16th on a list of 20 nations in terms of readiness for autonomous vehicles, just below Spain, but ahead of Brazil, Russia and India.

China Car-Sharing Giant Didi Chuxing Cooperates With Bluegogo To Launch Massive Bike-Sharing Platform

China’s fractured bike sharing industry just became more complex as car ride sharing giant Didi Chuxing announced the launch of a comprehensive bike-sharing platform. Under the plan, Didi’s car sharing app will integrate the services of Bluegogo, as well as bike sharing giant ofo and potentially other bike-sharing partners. It will also include a DiDi branded bike-sharing service, which is under development.

China’s Didi Chuxing To Acquire Payment Firm 19Pay In Bid To Rival Tech Giants BAT

China’s largest ride hailing firm Didi Chuxing, which ranks as the second most valuable company on China Money Network’s China Unicorn Ranking, has agreed to fully acquire third-party payment firm 19Pay for RMB300 million (US$45 million), in a move to develop its own payment services, putting itself in direct competition to Chinese tech giants BAT.

China Aims To Accelerate Past Detroit And Lead In Autonomous Driving, Says Nvidia Director

Nvidia Corp. has been on a Chinese deal-making binge over the last few months, especially related to autonomous vehicles. In August, the U.S. graphics chip maker led a series B round in TuSimple, an autonomous truck technology startup with offices in Beijing and San Diego. Under the agreement, Nvidia acquired a 3% stake in TuSimple, which in turn will use Nvidia’s artificial intelligence computing platform for self-driving vehicles, Drive PX 2, in its trucks. In September, Nvidia participated in a …