Big hit: Tencent's WeChat had 697 million monthly active users at the end of December, up from 650 million at the end of September.
BEIJING: An automotive venture backed by China tech giant Tencent aims to launch an electric self-driving car before 2020, entering a crowded field dominated by US-based Tesla, the chief executive told Reuters on July 12.
Future Mobility, backed by Tencent and Hon Hai Precision Industries, is one of an expanding field of China-backed ventures that aim to take on Tesla Motors Inc as green energy car sales boom in China.
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