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Retrieved on: 2018-02-27 15:30:00
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<div>NIO counts Asian tech behemoth Tencent Holdings as its main backer alongside investment firms Hillhouse Capital Group and <b>Sequoia Capital</b>. Last November, the firm raised more than US$1 billion in its latest fundraising round, led by existing investor Tencent, valuing the firm at about US$5 billion.</div>
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