trending Market Intelligence /marketintelligence/en/news-insights/trending/x4katgccrfcoegltoxs2ha2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Tencent joins consortium for stake in German mapping firm

Shareholder Advocates Say New SEC Policy To Prompt Litigation, Less Transparency

Groups Urge Business Roundtable CEOs To Act On New Corporate Purpose Declaration

State of South Korean OTT Video: Subscription

Global Streaming Media Device Sales Forecast To Flatten In 5 Year Outlook


Tencent joins consortium for stake in German mapping firm

Chinese internet giant Tencent Holdings Ltd., Singaporean sovereign wealth fund GIC Private Ltd. and China-based digital mapping company NavInfo agreed to jointly purchase a 10% stake in German digital mapping company HERE, Reuters reported Dec. 27.

The company is controlled by German carmakers Audi, BMW and Daimler, and they agreed to reduce their combined ownership of HERE by 10%.

The deal is reportedly in line with the push to develop self-driving cars in China, and is expected to close in the first half of 2017. Financial details were not disclosed.

HERE said it will create a joint venture with NavInfo, using the Chinese company's data and services to extend its products in China, according to the report. Tencent, meanwhile, will integrate HERE's mapping and location platform services into its products.