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Chinese electric car startup Nio said on Thursday it has inked deals to raise 0 million, but the cash-strapped company added it will continue to seek more funding.

Chinese e-commerce giant JD reported its accumulated sales from Nov 1 until 0:09 am Nov 11 reached a staggering 200 billion yuan (.3 billion) during this year's Nov 11 Singles Day shopping extravaganza, and continued to climb through the rest of the day.

Chinese players in the industry outperform their rivals for high cost-efficiency and technological expertise, so they are playing an active role in improving the energy infrastructure in those countries and regions, he noted.

Chinese consumers want greater online security and convenient digital experiences, and security methods enabled by new technologies and advanced authentication solutions generate greater trust online, according to a report released by the world's leading information services company Experian.

Chinese chip companies are stepping up research and development in an effort to grab a share of the market as the cars are smart and connected, but so far they have been almost negligible in the global auto chip industry.