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Bloomberg reported that the startup aims to raise about 0 million, which would value the company at more than .5 billion. It said FAW, a top investor and partner, will inject 0 million in this round.
Bolstered by advancements in deep learning, cloud computing and big data, the smart voice-control market in China expanded more than 80 percent to 15.79 billion yuan (.24 billion) in 2018 from just 2.87 billion yuan three years ago, said consultancy Frost&Sullivan.

Bill Peng, a partner at Strategy&, said, "We can expect more to come, as many carmakers made mobility part of their strategies around three years ago."
Bloomberg said the trade has achieved more than getting older autos off the roads but also has helped boost new car sales by reducing the supply of secondhand alternatives.
Both of the two largest deals made by foreign investors last year took place in Shanghai. These were CapitaLand's and Singapore sovereign wealth fund GIC's purchase of Shanghai's tallest two towers at Harbor 55, and Blackstone's purchase of Mapletree Business City.
来源:资阳报