Chinese investors buy stake in mapping firm HERE

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.