An advertisement of Evergrande’s brand Hengchi. Photo: Handout
World’s largest games publisher and most indebted real estate developer form venture to develop operating system for smart vehicles
- China Evergrande and Tencent Holdings to establish a venture in smart vehicle operating system, respectively contributing 60 per cent and 40 per cent capital
- New entity is expected to further fuel increasing competition in China’s smart vehicle and green car industry
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An advertisement of Evergrande’s brand Hengchi. Photo: Handout