Business / Technology

JD.com and Tencent to invest $1.55b in Bitauto

(Agencies) Updated: 2015-01-12 10:12

Lackluster performance of Japanese brands

JD.com and Tencent to invest $1.55b in Bitauto

[Photo/China Daily]

 

Nissan's sales in China increased 1.7 percent year-on-year in the first 11 months, while Honda slipped 1.4 percent in the same period, according to Japan's Kyodo News.

Toyota sold about 900,000 units by November, a 12.2 percent rise, but its full-year sales goal of 1.1 million units seems out of reach.

Statistics showed Japanese brands sold a combined 2.41 million vehicles by the end of October. This represented a 14.21 percent market share in the country's passenger vehicle segment. German automaker Volkswagen alone delivered 2.29 million cars to Chinese customers in the same period.

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