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Chinese investors buy stake in mapping firm HERE

Friday, 30 Dec 2016 | 4:48 AM MYT

Moving ahead: BMW, Audi and Mercedes' collective bid to buy Nokia's mapping service HERE has been granted US antitrust approval.

FRANKFURT: Two Chinese companies and Singapore's sovereign wealth fund GIC have agreed to buy a 10% stake in a digital mapping company controlled by Germany's leading carmakers to help them develop self-driving cars.

Chinese digital mapping company NavInfo, Internet group Tencent and the Singapore fund will invest in mapping company HERE under a deal announced on Dec 27.

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