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China's Bitauto raises $1 billion from internet giants Tencent, Baidu

Trending story found on www.reuters.com
China's Bitauto raises $1 billion from internet giants Tencent, Baidu
Auto portal Bitauto Holdings Ltd (BITA.N) has recently raised $1 billion from Tencent Holdings Ltd (0700.HK), Baidu Inc (BIDU.O) and JD.com Inc (JD.O) as it seeks to be China's largest online car financing platform, its chief told Reuters on Thursday.
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