Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
May 10, 2013 08:20 am GMT

Alibaba Group Reportedly Becomes Navigation Service Provider AutoNavi's Majority Shareholder With a 20% to 30% Stake

AutoNavi logoAlibaba Group is reportedly now the majority shareholder in AutoNavi, a German maker of electronic navigation tools. The Chinese Internet giant's investment gives it a 20 percent to 30 percent stake in AutoNavi, according to Sina Tech (link via Google Translate). The report cites multiple unnamed sources, but Alibaba is supposed to make an official announcement on Monday.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/It_CdV8XCA8/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch