New stock news | SAIC Enjoy Travel completes Series C financing of 1.3 billion yuan and has launched a Hong Kong IPO plan.

On May 9th, SAIC Motor Corporation (600104.SH) announced that its mobile travel strategy brand Xiang Dao Xing has completed more than 1.3 billion RMB in Series C financing, marking a milestone breakthrough for the company. In addition, Xiang Dao Xing stated that the company has initiated plans for a Hong Kong IPO. After the Series C financing, Xiang Dao Xing stated that it will further leverage the advantages and resources of SAIC Motor Corporation and its industry partners to build a closed-loop autonomous driving ecosystem based on the Xiang Dao platform, consisting of "vehicles - technology - platform", and collaborate with shareholder Momenta to build an L4 level Robotaxi fleet in Shanghai, with plans to reach a fleet size of 200 vehicles within the next year. Xiang Dao Xing continued to mention that this round of financing, the largest single financing in the domestic travel industry in the past three years, signifies that Xiang Dao Xing's "one-stop smart travel complex" strategy has gained recognition from both the capital market and local governments. Xiang Dao Xing will also accelerate its pace on the track of the Hong Kong IPO.