Tencent Buys 11% Stake In Chinese Digital Map Company Navinfo For $189 Mln

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 [...]

Topics:  tencent   china s   internet   shenzhen stock   exchange   navinfo   chinese   stake   company   digital map   purchase   

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News