HONG KONG -- Ruqi Mobility, a ride-sharing platform backed by Tencent and China's state-owned automaker GAC Group, has raked in over 1 billion yuan ($152.6 million) in a Series A round to speed commercialization of its robo-taxi service, the startup announced on Tuesday.
The funding round was led by existing backer GAC, a traditional automaker that is boosting its presence in autonomous vehicles.
