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Beijing-based API developer Agora has gone public on Nasdaq, debuting at $20 per share, ahead of its $16 to $18 proposed price range and closed up 153% in its Nasdaq debut. Founded in 2014, Agora is an API-powered company that allows customers to embed real-time video and voice abilities in their applications. In 2015, IDG Capital joined Agora's Series B round.
E-commerce giant Amazon has announced its acquisition of Zoox, a driverless taxi startup based in California, for the purposes of providing a full-stack solution for ride-hailing. Zoox aims to build a fit-for-purpose self-driving passenger vehicle from the ground up, along with the software and artificial intelligence needed for autonomous driving. Amazon said Zoox will continue to exist as a standalone business after the acquisition. Previously, IDG Capital joined Zoox's Series A funding round in 2016.