Tencent, China’s largest publicly traded Internet company, plans to purchase a 11.3% stake in digital map supplier NavInfo for 1.17 billion yuan, or $189 million. The purchase still requires Chinese regulatory approval, according to an announcement by NavInfo today. NaviInfo’s shares trade at the Shenzhen Stock Exchange. Tencent, led by Chinese [...]
Comment on Tencent Buys 11% Stake In Chinese Digital Map Company NavInfo For $189 Mln
Russell Flannery, Forbes Staff, Forbes
Mon, 05/05/2014 - 6:25pm
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