Momenta Seeks Funding at $5B+ Valuation: Bloomberg.com

Autonomous driving startup Momenta is seeking new funding at a valuation exceeding $5 billion, a significant increase in the company's estimated worth. Momenta, a Chinese partner of Uber Technologies Inc., is supported by prominent investors including Temasek Holdings Pte, Tencent Holdings Ltd., and Yunfeng Capital, founded by Jack Ma. The Beijing-based company is collaborating with advisors to assess investor interest, according to sources familiar with the matter. The initial fundraising target is several hundred million dollars, although the final amount may be adjusted based on investor demand.