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$NIO Inc (NIO.US)$ Nio announced that it has closed the USD7...

$NIO Inc (NIO.US)$ Nio announced that it has closed the USD738.5 m strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings. The...
Nio announced that it has closed the USD738.5 m strategic equity investment from CYVN Investments RSC Ltd, an affiliate of CYVN Holdings.
The CYVN entities also acquired certain class A ordinary shares of Nio from an affiliate of Tencent for total consideration of USD350 m.
It owns a total of about 7.0% of Nio's total outstanding shares.
Going forward, Nio and the CYVN entities will work together to strategically collaborate on international business and technology cooperation.
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