Waymo forms subsidiary in Shanghai as its parent plans China return

A self-driving car by Google is displayed at the Viva Technology event in Paris, France, June 30, 2016. REUTERS/Benoit Tessier

Waymo has set up a subsidiary in China, the latest sign of attempts by parent Alphabet Inc. to get back into the world’s second-largest economy.

Waymo, the business created from Google’s self-driving car project, set up a unit in Shanghai called Huimo Business Consulting (Shanghai) Co. on May 22, according to a filing with China’s National Enterprise Credit Information Publicity System.

With capital of 3.5 million yuan ($441,000), Huimo will focus on design and testing of self-driving vehicle parts and products, supply chain and logistics consulting, and business consulting, the filing said.

Waymo LLC is listed as an investor in Huimo. Other personnel include Chief Executive Officer John Krafcik, who is listed as a director, and Kevin Vosen, Waymo’s top lawyer.

A Waymo spokeswoman confirmed the legal entity and said the company has people working in Shanghai, but declined to comment further on plans.

Google executives confirmed for the first time last week that they’re looking to get their search engine up and running in China after a hiatus of almost a decade. The company’s cloud-computing business is also trying to getting into the country, which is the world’s largest internet market.

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Bloomberg

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

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  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.