Baidu, NIO lead $105m round in Chinese car-hailing startup Shouqi

Baidu, NIO lead $105m round in Chinese car-hailing startup Shouqi

Traffic travels along the Second Ring Road in Beijing, China, on Wednesday, Dec. 2, 2015. Photographer: Qilai Shen/Bloomberg

Shouqi Limousine & Chauffeur, a Chinese car hailing startup, has raised RMB700 million ($105 million) in the latest financing round led by online search engine Baidu and Chinese electric vehicle maker NIO, according to its announcement on Monday in Beijing.

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