Breaking News

PlayStation Plus Monthly Games for July 2025 Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display TEAMGROUP Unveils The APEX SD7.1 MicroSD Express Card Noctua introduces NF-A12x25 G2 next-generation 120mm fan INNO3D DELIVERS HIGH PERFORMANCE FOR LESS WITH THE NEW GEFORCE RTX 5050

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Chinese Investors Buy Stake in HERE

Chinese Investors Buy Stake in HERE

Enterprise & IT Dec 27,2016 0

Chinese mapping firm NavInfo, internet group Tencent and Singapore's fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe.

Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros ($2.6 billion) last year to create an alternative digital mapping business to Google.

Under the deal announced on Tuesday, the carmakers will reduce their combined ownership of HERE by 10 percent, HERE and the buyers said in a statement.

They did not disclose financial details of the deal, which they expect to close in the first half of 2017.

Intelligent mapping systems are seen as a key for self-driving cars, which are equipped with sensors to measure traffic and road conditions. The real-time data gathered can in turn be shared with other map users.

HERE said it will now form a joint venture with NavInfo to extend its products to China using NavInfo's data and services.

Tencent will use HERE's mapping and location platform services in its own products, both in China and internationally.

Tags: HERE
Previous Post
Korea Fair Trade Commission Fines Qualcomm $854 mln For Violating Competition Laws
Next Post
Tesla and Panasonic Will Begin Manufacturing Solar Cells and Modules in Buffalo

Related Posts

  • Huawei Offers Google Map Alternative Powered by HERE

  • LG And HERE Technologies Partner On Autonomous Cars

  • HERE and Pioneer Partner on Global Map Solutions

  • Intel to Acquire 15 Percent Ownership of HERE

  • HERE in Talks With Amazon, Microsoft

Latest News

PlayStation Plus Monthly Games for July 2025
Gaming

PlayStation Plus Monthly Games for July 2025

Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display
Enterprise & IT

Samsung Releases Smart Monitor M9 With AI-Powered QD-OLED Display

TEAMGROUP Unveils The APEX SD7.1 MicroSD Express Card
Cameras

TEAMGROUP Unveils The APEX SD7.1 MicroSD Express Card

Noctua introduces NF-A12x25 G2 next-generation 120mm fan
Cooling Systems

Noctua introduces NF-A12x25 G2 next-generation 120mm fan

INNO3D DELIVERS HIGH PERFORMANCE FOR LESS  WITH THE NEW GEFORCE RTX 5050
GPUs

INNO3D DELIVERS HIGH PERFORMANCE FOR LESS WITH THE NEW GEFORCE RTX 5050

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

Arctic Liquid Freezer III 420 - 360

Arctic Liquid Freezer III 420 - 360

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Soundpeats Pop Clip

Soundpeats Pop Clip

Crucial T705 2TB NVME White

Crucial T705 2TB NVME White

Noctua NH-D15 G2

Noctua NH-D15 G2

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed