GIC, Tecent, NavInfo to take mapping business Here into China
Singapore’s GIC Private has teamed up with China’s Tencent Holdings and NavInfo – a digital maps and location services provider backed by Tencent – to acquire a 10% stake in Here, a US-headquartered open location company.
The investment will serve to broaden the company's shareholder structure, with Audi, BMW and Daimler's interests pared back in equal measure. It will also see the creation of a 50-50 joint venture between...
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