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May 6, 2014 07:33 am GMT
Tencent, one of China's largest Internet companies, will spend 1.17 billion yuan, or $187 million for a 11.3% stake in NavInfo, one of the country's largest mapping companies. Best known abroad as the maker of WeChat, Tencent's products in China include a large range of consumer mobile products and NavInfo will help power its location-based services. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TgSKrxJAqY4/
Tencent To Buy 11.3% Stake In Mapping Company NavInfo For $187M
Tencent, one of China's largest Internet companies, will spend 1.17 billion yuan, or $187 million for a 11.3% stake in NavInfo, one of the country's largest mapping companies. Best known abroad as the maker of WeChat, Tencent's products in China include a large range of consumer mobile products and NavInfo will help power its location-based services. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/TgSKrxJAqY4/
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