+1-888-308-5802     
News Contact Us

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

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

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

ABCorp to Launch EGA Manufacturing With HP Multi Jet Fusion Technology

Published Date: 2021-01-15         Author: Pankaj Singh

ABCorp (American Banknote Corporation), one of the leading manufacturing service providers in the United States., has recently declared the expansion of their Center of Excellence. The opening of the company’s new Additive Manufacturing Center at the site compliments the offering of highly bes... Read More

Binomo launches an online trading platform to garner better profits

Published Date: 2021-01-13         Author: Pankaj Singh

According to reliable sources, Binomo, a client-oriented trading company, has recently launched a safe online trading platform to generate more profits. The platform is designed to assist in real-time market analysis and its primary target audience includes individuals that are inclined towards enha... Read More

Infosys to boost digital transformation by introducing an AI platform

Published Date: 2021-01-12         Author: Pankaj Singh

Indian multinational IT company Infosys Limited has reportedly been making headways in digital exponential technologies, primarily in AI (Artificial Intelligence). Shifting from its conventional IT solutions, the tech giant has significantly expanded its cloud-based solutions portfolio amid the COVI... Read More

© 2021 Fractovia. All Rights Reserved