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Wireless

Here sells stake to Tencent, NavInfo for China expansion

Tuesday 27 December 2016 | 09:12 CET | News
Map services provider Here has attracted three new investors to support its expansion in China. Chinese mapping company NavInfo, internet services giant Tencent, and Singapore-based investment firm GIC are jointly acquiring a 10 percent stake in Here, subject to regulatory clearance. Here's three existing three shareholders Audi, BMW, Daimler will see their stakes diluted by an equal amount after the new investment. No financial details of the new investment were disclosed.

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Categories: Mobile & Wireless
Companies: Here / Tencent
Countries: China
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