Another new force has entered the game to build a car! Tencent leads the investment!

According to media reports, a number of people familiar with the matter revealed that Luoke Automobile, the car-making project of ChangJing, founder and CEO of Stone Technology, has completed a financing of 100 million US dollars at the end of 2021, led by Tencent Group, and the investment institution Sequoia has also participated in the investment. Tencent Group, NIO's second largest shareholder, is the lead investor in this round of financing, "Tencent's investment in this round of financing exceeded 50 million US dollars". At present, Luoke Automobile is conducting a new round of financing with a valuation of $2 billion. However, in this news, Luoke Automobile has not responded, and Tencent will not comment.

It is understood that Changjing established Shanghai Luoke Intelligent Technology Co., Ltd. on January 8, 2021, with a registered capital of 10 million yuan and a shareholding ratio of 40% in Changjing. Chang Jing is a typical car enthusiast, especially fond of off-road vehicles. There is information that the positioning of the first car of Luoke Automobile is the off-road model of the Benchmark Mercedes-Benz G series, hoping to break through 1,000 kilometers in a single end with the help of range extension technology. Former Luoke Automobile is headquartered in Shanghai, Changjing serves as the chairman of the company, and Yan Feng, former CTO of WM Motors, has joined the company as CEO. In addition, some investors revealed that after Tencent invested in Luoke Automobile, Weilai Capital and Meituan had relevant people who intended to contact Luoke Automobile to negotiate investment matters, but they were rejected. However, there is information that Changjing is not very involved in the daily operation of Stone Technology at present, and most of his time is spent on automotive products, and Changjing also told investors that car manufacturing will be the focus of his next work. In terms of team, Yan Feng, former CTO of WM Motors, has joined Luoke Automobile as CEO.

According to public information, Chang Jing graduated from South China University of Technology majoring in computer science and served as a senior product manager of Tencent and a senior manager of Baidu. After leaving Tencent, Chang Jing founded the Meitu tool Beijing Magic Map Genie, and in 2014, it funded the creation of Stone Technology, and in September of the same year, it obtained xiaomi investment and became a xiaomi ecological chain enterprise. As a Xiaomi star ecological chain enterprise, Stone Technology's main business is intelligent cleaning hardware such as sweeping robots, and its main products are Xiaomi custom brand Mijia intelligent sweeping robot, Mijia handheld wireless vacuum cleaner, and its own brand stone intelligent sweeping robot and Xiaowa intelligent sweeping robot. In February 2020, Stone Technology landed on the Science and Technology Innovation Board.