Backer of Musical.ly, Grindr and Opera to invest $50M in self-driving startup Pony.ai

A games publisher in China is following the path of its larger peer Tencent to back a wide spectrum of startups for financial gains. Beijing Kunlun Wanwei, or Kunlun, announced in a filing this week that it plans to inject $50 million into autonomous driving startup Pony.ai in exchange for a 3 percent stake.

https://techcrunch.com/2019/04/12/kunlun-invests-50m-in-pony-ai/