- Backed by a list of stellar investors, T3 – an emerging car-hailing app – was launched on July 22 in Nanjing, East China’s Jiangsu province, where it’s headquartered.
- Of the 9.76 billion yuan ($1.42 billion) invested, 1.7 billion yuan was contributed by home appliance retailer Suning, making it the largest shareholder with 17.42 percent equity.
- The three automakers FAW Group, Dongfeng Motor and Changan Automobile each took 16.39 percent equity as the second-largest shareholders.