NLZ
Oct 23, 2:27 PM
$WRD
On Oct 16, WeRide established a new investment partnership in Hengqin, Zhuhai. The ownership structure is particularly interesting:
+ 99%: Taizhou WeRide
+ 1%: Huo Da (founder, CEO JingShuo)
JingShuo has been developing a more independent commercial identity. Reports indicate it completed Series A, targeting RMB 300m in ‘26 revenue.
Huo’s personal participation in this new investment vehicle raises an interesting possibility:
WeRide could be prepping a corp. restructuring around JingShuo, potentially creating a holding structure for mgt participation, investments or financing. It could help establish JingShuo as a separately valued business, allowing WeRide to retain an economic interest.
The RMB16m is insignificant. The ownership structure and Huo Da’s involvement could be significant. No confirmation that the new partnership will hold JingShuo shares.
Still, if it’s being positioned as a more independent Physical AI company, it could become an interesting source of value.
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