JD Finance Backs Car Start-Up To Develop Self-Driving Delivery Vehicles

An incubator under JD Finance has backed a Hangzhou-based bike and self-driving car start-up Notebike to jointly develop an autonomous vehicle specifically designed for goods delivery.

Chinese e-commerce giant JD Inc. is moving toward fully automatic warehouse operations, and is exploring product deliveries using drones and self-driving vehicles.

A venture capital unit under JD Finance, JD's financial services unit, has previously backed Chinese drone maker Onagofly.

Notebike and JD did not disclose financial details of the investment, which is the company's series A funding round.

The two parties plan to join forces to produce a delivery driverless car...

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