JD Logistics, Meituan and PAG led a $270m Series B funding round in Inceptio Technology.

JD Logistics, a provider of logistics services for e-commerce industry, Meituan, a web based shopping platform, and PAG, an alternative investment firm, led a $270m Series B funding round in Inceptio Technology, an autonomous driving truck technology and operating company. Other investors include Deppon Express, IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, Broad Vision Funds, GLP Hidden Hill Capital, CATL, NIO Capital and Eastern Bell Capital. The Series B will allow Inceptio Technology to accelerate the development of its self-developed full-stack autonomous driving system "Xuanyuan", and speed up its deployment in electrification.