Alibaba invests in electric car startup Xpeng

Online shopping giant Alibaba has invested in an electric car startup, it said today. Alibaba confirmed the move this evening to Tech in Asia following rumors in Chinese media about it funding Xpeng(also known as Xiaopeng), which last month launched its first vehicle, the all-electric Identy X SUV. The funding amount isn’t disclosed, but several … More Alibaba invests in electric car startup Xpeng