FRANKFURT: Chinese mapping firm NavInfo, Internet group Tencent and Singapore’s sovereign wealth fund GIC are buying a 10% stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.
Germany carmakers Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros (US$2.6bil) last year to create an alternative digital mapping business to Google.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
