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ByteDance Said to Invest in Chinese Self-Driving Startup QCraft

  • QCraft’s technology being trialed in minibuses around China
  • Deal would be latest in string of tech, automaker cooperation
A QCraft Inc. vehicle.

A QCraft Inc. vehicle.

Source: QCraft Inc.

Chinese social media titan ByteDance Ltd. is investing in local autonomous driving startup QCraft Inc., according to people familiar with the matter, another sign of the blurring of boundaries between car companies and Big Tech.

The owner of Tiktok is investing in QCraft’s latest fundraising round of at least $25 million, said the people, who asked not to be identified because the discussions are private. QCraft’s technology is being trialed in minibuses in parts of China.