China: Macrolink invests $50m in LeEco’s smart car biz; Tencent backs KEEP

LeEco co-founder and head Jia Yueting during the launch of the electric battery concept car LeSEE in Beijing last April (visual from company website)

In two separate funding deals, Macrolink Group has invested $50 million in the smart car unit of LeEco, while Tencent Holdings Ltd led a series C+ round in KEEP, a Chinese workout mobile app operator, the China Money Network reported.

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