On June 23, Shanghai Cepheus Intelligent Technology Co., Ltd. was officially registered and established. The company's three major shareholders are Ant Group's Shanghai Yunyi Enterprise Management Consulting Co., Ltd., Ningde Times's Ningbo Meishan Bonded Port Area Investment Co., Ltd., and Hello Group's Shanghai Junha Network Technology Co., Ltd.
It is reported that the registered capital of Shanghai Cepheus Intelligent Technology Co., Ltd. is as high as 1.288 billion yuan, and the company will focus on the research and development, safety application and commercialization of L4 automatic driving technology. The company's angel round financing is as high as 3 billion yuan.
As early as April this year, Ningde Times, Ant Group and Hello signed a strategic cooperation contract in Hangzhou.