Alphabet company and former Google self-driving project Waymo just opened a subsidiary in China. And no, it’s not to test out its self-driving cars. Huimo Business Consulting Co. (which sounds rather similar to Waymo) is there to work on building a supplier network for the company. Huimo opened in Shanghai on May 22 and according to a filing with China’s National Enterprise Credit Information Publicity System, it was set up with 3.5 million yuan (around CA$670,000) with Waymo listed as an investor. According to the filling the subsidiary will focus on logistics consulting, supply chain, and autonomous driving parts and product design.
Source: TechCrunch