Tudatong's in-depth cooperation with NIO

Tudatong has a close cooperation with NIO. In the first three quarters of 2024, NIO's revenue accounted for more than 90% of Tudatong's total revenue. In addition, NIO Capital began investing in Tudatong as early as 2018 and has completed three rounds of investment so far. Tudatong completed the latest round of financing with an agreed valuation of HK$11.7 billion. This round of financing was participated by many well-known investment institutions, including NIO CEO Li Bin, who held a 10.9% stake in this round of financing.