Startup BIBO secures 200 million Chinese yuan in latest funding round

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Investments

The round was led by electric-car maker Nio’s investment arm Nio Capital, and venture capital firm Dongfang Jiafu Asset Management

Chinese smart automotive chassis startup BIBO has secured 200 million Chinese yuan (about $29 million) in its latest financing round led by electric-car maker Nio’s investment arm Nio Capital, and venture capital firm Dongfang Jiafu Asset Management, according to a report published by Yicai Global on April 10.

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