News Snapshot:
A woman walks past an Alibaba sign outside the company's office in Beijing on April 13, 2021. Greg Baker/AFP via Getty Images Chinese e-commerce giant Alibaba Group Holding has led a $300 million funding round for one of China’s newest self-driving car start-ups. Shenzhen-based Deeproute said in a statement on Tuesday that the oversubscribed round was led by Alibaba Group (Tickers: BABA) and other venture capital companies, including Jeneration Capital, a Hong Kong-based firm. Deeproute makes the software and hardware brains that enables autonomous cars to navigate around. It also operates a fleet of autonomous taxis and said in the...
