Waymo, Alphabet's Self-Driving Unit, Steers Into China

The new subsidiary, with 3.5 million yuan ($508,000) in registered capital, will design and test autonomous vehicle products and parts and may also handle business consultancy and supply chain management and logistics inquiries, the filing said. The filing listed Waymo LLC as the only shareholder of the Shanghai subsidiary. Kevin Vosen, Waymo's general counsel, is listed as chairman of the new company. Waymo executives including Chief Executive John Krafcik are also listed as senior representatives of the Chinese company. Waymo representatives couldn't be reached for comment.