Xiaopeng Motors, one of China's leading electric vehicle startups, has raised USD300 million in its expanded C+ round of funding, led by Alibaba Group Holding and participated by sovereign wealth fund Qatar Investment Authority, according to an insider. "The [fundraising] process is basically finalized," tech news outlet 36Kr reported, citing an insider who wished to remain anonymous. The Hangzhou-based tech giant delivered most of the fresh funds, the person added. Alibaba has participated in the company's previous rounds of funding. The Guangzhou-based target firm has declined to comment on the development. Chinese tech companies have been keen to invest in new energy vehicle startups as Tencent Holdings is the second-largest shareholder of Nio, Meituan Dianping was the biggest shareholder of Li Auto before its recent initial public offering, and Baidu has a stake in WM Motor Technology. Founded in 2014, Xpeng Motors raised nearly USD500 million previously as part o...