Alphabet Inc's self-driving unit Waymo has set up a subsidiary in
Shanghai, according to a business registration filing, the latest sign
that the U.S. internet giant is attempting to make new inroads into
China. To get more
shanghai latest news, you can visit shine news official website.
Waymo
established a wholly-owned company called Huimo Business Consulting
(Shanghai) Co on May 22 in Shanghai's free trade zone with registered
capital of 3.5 million yuan ($509,165), according to China's National
Enterprise Information Publicity System.
Its scope includes
business and logistics consultancy as well as services related to the
design and testing of self-driving car parts, said the document, which
also listed the firm's legal representative as Kevin Bradley Vosen.
Waymo did not immediately respond to a request for comment.
Alphabet
Inc's Google, which quit China's search engine market in 2010, has been
actively seeking ways to re-enter the sector in the country where many
of its products are blocked by regulators.
In August, Reuters
reported that the company plans to launch a version of its search engine
in China that will block some websites and search terms. Google's Chief
Executive Sundar Pichai has told staff that development is in an early
stage.
Google has also joined an investment in Chinese
live-stream mobile game platform Chushou and launched an artificial
intelligence game on Tencent Holdings Ltd's social media app WeChat.
Waymo's
move also comes as China makes a major push into autonomous smart
vehicles to keep pace with the United States in a global race to develop
self-driving vehicles.
Earlier this year, Beijing issued
licenses to automakers allowing self-driving vehicles to be road-tested
in Shanghai, including Shanghai-based SAIC Motor Corp Ltd and electric
vehicle start-up NIO.
The Wall