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The Tesla of China fails to raise the $1.8 billion it targeted in its US IPO (NIO)

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The Tesla of China fails to raise the $1.8 billion it targeted in its US IPO (NIO)

Chinese electric-car startup Nio, known as the Tesla of China, debuted for trading in the US on Wednesday. Nio, backed by Chinese tech giant Tencent, failed to raise the $1.8 billion it targeted during its initial public offering. Nio's fundraising is an example that shows China's ambition to