China's Alibaba snags AI deal with Daimler, Audi, Volvo

Chinese online retailing giant Alibaba is partnering with global auto brands for the first time to supply artificial intelligence technology for home-to-vehicle connectivity in China.

China to scrap foreign ownership caps on automakers by 2022

The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla. It comes amid a trade standoff between Washington and Beijing, and signals the end of a 1994 rule in the biggest auto market that limits foreign automakers to a 50 percent share of any local venture.

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