Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive. A number of investors including U.K.-based Baillie Gifford, American Lone Pine Capital, China’s CITIC Capital and China Asset Management Ltd. also participated in the round, according to an article published on Tencent’s own technology news portal, Techqq.com. It is unclear how NIO is valued in the round. The firm, a … China’s Tencent Reported To Lead $1B Round In Chinese EV Firm NIO appeared first on China Money Network.