BEIJING, May 29 (Xinhua) -- Chinese electric vehical startup NIO is likely to have already filed with the U.S. Securities and Exchange Commission (SEC) for the Initial Public Offering (IPO), planning to raise about 2 billion U.S. dollars, reported the Xinhua-run www.cnstock.com on Tuesday.
As the startup’s IPO preparation is still in the preliminary stage, the value of raised funds are subject to changes.
Founded in 2014, NIO is jointly founded by Tencent’s chairman Pony Ma, Yiche.com’s founder Li Bin, Autohome’s founder Li Xiang, JD.com’s founder Liu Qiangdong and Hillhouse Capital Group, with Li Bin serving as the CEO. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)
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