China`s Bitauto raises $1 billion from internet giants Tencent, Baidu

Auto portal Bitauto Holdings Ltd (BITA.N) has recently raised $1 billion from Tencent Holdings Ltd (0700.HK), Baidu Inc (BIDU.O) and JD.com Inc (JD.O) as it seeks to be China’s largest online car financing platform, its chief told Reuters on Thursday. More »