Beijing Bitauto Internet Information Co., Ltd. recently underwent a business change, with William Li Bin, founder of Nio, withdrawing as the legal representative, chairman, and manager of the company and being replaced by Liu Wenhua, according to data provider Tianyancha.

Beijing Bitauto Internet Information Co., Ltd. was founded on January 20, 2006, with a registered capital of $94.49 million. Its business scope includes research and development, production of computer software, Internet and e-commerce systems; system integration, etc. It is wholly owned by Bitauto Hong Kong.

Li is the legal representative of Nio China and the founder and chairman of Nio.

Bitauto, which is associated with the above company, was founded in 2000 and was delisted from the New York Stock Exchange and is the largest automotive Internet company in China.

Bitauto's third-quarter revenue was 2.34 billion yuan (about $352.4 million), up 53.7% year-on-year.

It is worth noting that on October 24, 2020, Bitauto announced that shareholders approved a privatization agreement.

In November, it completed a merger and delisted from the New York Stock Exchange.