+1-888-308-5802      . .

Waymo sets up subsidiary in Shanghai as Google makes inroads in China

Author : Pankaj Singh | Published Date : 2018-08-26 

Waymo sets up subsidiary in Shanghai as Google makes inroads in China

Google’s parent company Alphabet Inc has reportedly set up a Chinese subsidiary for its driverless car division Waymo. As per a business registration filing, this might be Google’s attempt to penetrate the China market, where the government has strict regulations against its online services.

For a registered capital of 3.5 million Yuan, Waymo has registered a completely new company, called Huimo Business Consulting in Shanghai, revealed China’s National Enterprise Information Publicity System.

For the uninitiated, Waymo is one of the leading U.S. manufacturers of autonomous cars and specializes in business and logistics consultancy and driverless car testing. Industry experts believe that ever since Google’s exit from the Chinese search engine market in 2010, it has been trying to figure out ways to re-enter China’s online domain, where most of its services such as Gmail, YouTube and search are blocked.

Previously, Google was reported of launching a censored version of its search engine, exclusively for China. Sundar Pichai, Google’s chief executive officer had back then, faced heavy criticism for the plans, as the company’s employees had begun to wonder if Google would compromise its values merely to enter the China market.

The company had also invested in Chushou, a Chinese live-stream mobile game platform and collaborated with Tencent Holdings Ltd to launch an AI game exclusively for WeChat.

According to a report by CNN, Waymo is entering the market at a time when China is rapidly expanding its autonomous driving market. The government has set aside guidelines for road tests while several Chinese tech companies including Didi Chuxing, Baidu, and Alibaba have already begun developing their own autonomous car projects.

Sources close to the matter believe that carrying out operations in China will present obstacles for Waymo’s Huimo. It will be tough for Waymo to develop its own map, as city mapping still remains a sensitive issue for the Chinese government. Moreover, the nation is permitted access to Google’s map service only through desktops, reported sources.

Waymo has not been available for comments post the announcement. 

About Author

Pankaj Singh . .

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

Related News

Bayers new CEO initiates management job cuts to accelerate decision-making

Bayers new CEO initiates management job cuts to accelerate decision-making

Published Date: 2023-09-15         Author: Pankaj Singh

Bayer newly appointed CEO, Bill Anderson, has reportedly unveiled plans to streamline the companys management structure in a bid to expedite decision-making processes. This marks the first step in a broader effort to transform the embattled German company, which has been under pressure from inv... Read More>>

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Smurfit Kappa in Merger Talks with WestRock worth $19 Billion

Published Date: 2023-09-08         Author: Pankaj Singh

Smurfit Kappa, a prominent player in the packaging industry, is reportedly engaged in merger discussions with its US counterpart, WestRock. This prospective merger has the potential to create a cardboard box-making powerhouse boasting a market value approaching $19 billion (€17.8 billion). Furt... Read More>>

RBC plans job cuts to take on anticipated economic softening

RBC plans job cuts to take on anticipated economic softening

Published Date: 2023-08-25         Author: Pankaj Singh

The Royal Bank of Canada is reportedly planning to reduce its workforce by approximately 1,800 jobs as part of cost-cutting measures, on account of the anticipated upcoming economic landscape. This decision comes after the country's largest bank surpassed analysts' predictions for the third ... Read More>>

© 2024 Fractovia. All Rights Reserved