Nvidia to provide AI platform for EV startups

U.S. chipmaker Nvidia Corp. has signed separate deals with Chinese electric vehicle (EV) startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, chief executive Jensen Huang said Wednesday.

Huang said XPeng and Singulato will use Nvidia’s artificial intelligence (AI) driving chip Xavier and its computing platform to develop hardware for autonomous driving. The companies separately said they will work on a series of projects from data collection to machine learning.

BMW to offer ride hailing services from December

GERMANY’S BMW plans to launch ride-hailing services in China in December, the first global automaker to obtain such a license in the fast-growing market.

BMW Mobility Service Ltd., a fully-owned subsidiary of the BMW Group, obtained its ride-hailing license in Chengdu, the capital of Sichuan Province in China’s southwest, BMW said. China’s ride-hailing market is worth US$23 billion, more than all other ride-hailing markets in the world combined, with China’s Didi Chuxing dominating with 90 percent of all bookings, consulting firm Bain & Co. said.

Tiger Brokers fund to track Internet firms

TIGERSHARES, the asset management arm of Chinese brokerage and fintech firm Tiger Brokers, has recently launched an exchange-traded fund (ETF) that tracks leading Internet companies’ growth in both China and the United States.

Called the TigerShares China-U.S. Internet Titans ETF, the index measures the performance of 20 stocks engaged in Internet-related businesses, including the 10 largest publicly traded Chinese and U.S. Internet companies respectively, according to Chris Tse, chief sales executive for NASDAQ Global Information Services.

CASSTAR wins prizes at golden bull award

DOMESTIC venture capital firm CASSTAR claimed three prizes at the second China Equity Investment Golden Bull Award.

Jointly organized by China Securities Journal and China Fortune Academy, the golden bull award selects winners by taking full account of a firm’s investment experience, team stability, corporate influence, social responsibility and corporate governance. It has become one of the most authoritative systems and standards for reviewing Chinese equity investment firms.