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And yes … Amazon truly wants to put Alexa everywhere.

Analysts say Pony.ai's investment comes at a perfect time as China revs up its smart vehicle strategy as outlined in a blueprint released last week by the National Development and Reform Commission, the Ministry of Industry and Information Technology and another nine ministries.

Analysts said the opening-up of the credit ratings industry could also increase allure of China's bond markets for overseas investors, as foreign agencies will provide bond ratings better understood by global investors than domestic ones.

And Accelerating Development of the Asia-Pacific

Analysts said the merger will enable the State-owned giant to win more orders and gain more business in overseas cultural markets, adding that merging a relatively bigger SOE with diversified and international business interests with those with smaller assets and overlapping business might be the future direction of SOE restructuring and reform.