Baidu accuses former exec of stealing self-driving car technologyStaff Writer | December 23, 2017
Baidu is suing a former executive, accusing him of stealing self-driving car technology, reports said.
Technology Jingchi was founded in April
The tech giant is seeking 50 million yuan ($7.61 million) in compensation, the website said.
Jingchi was founded in April and raised $52 million in September to expand its research and development of autonomous driving technology.
"Baidu's lawsuit has no factual basis and our lawyer will respond to it factually and legally," Jingchi's CEO Wang Jing said in a reply to Tencent news, adding that the company is an "indisputable pacemaker" in China's self-driving car sector. ■