China's Baidu-Backed WM Motor Closes USD 1.5 Billion Series D Ahead of Potential Shanghai IPO The company intends to use the new funds for R&D, brand building, digital marketing, and sales channel expansion which includes 1,000 new brick-and-mortar stores nationwide.

WM Motor raises RMB3 billion in Baidu-led series C round financing To meet consumers' more diversified needs, the company will focus on upgrading product quality, enriching product matrix and mass producing cutting-edge technologies.

JD.com Logistics, Juma Logistics Group, GLP and WM Motor Jointly Established Smart Truck Company JD.com logistics, Juma logistics, GLP and WM Motor announced today that they have jointly funded the establishment of smart truck company to create new truck type.