Breaking News

DZOFILM Expands Arles Cine Lens System With 25–75mm and 65–180mm T2.6 Zooms G.SKILL Launches Trident Z5 Royal NeoX Series DDR5 Memory with AMD EXPO Technology XERON Launches NEX A61 ARGB CPU Air Cooler Viltrox to Unveil New Lenses And Production Solutions at IBC2026 ASUS Announces WiFi 8 Router

logo

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

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

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

DZOFILM Expands Arles Cine Lens System With 25–75mm and 65–180mm T2.6 Zooms
Cameras

DZOFILM Expands Arles Cine Lens System With 25–75mm and 65–180mm T2.6 Zooms

G.SKILL Launches Trident Z5 Royal NeoX Series DDR5 Memory with AMD EXPO Technology
PC components

G.SKILL Launches Trident Z5 Royal NeoX Series DDR5 Memory with AMD EXPO Technology

XERON Launches NEX A61 ARGB CPU Air Cooler
Cooling Systems

XERON Launches NEX A61 ARGB CPU Air Cooler

Viltrox to Unveil New Lenses And Production Solutions at IBC2026
Cameras

Viltrox to Unveil New Lenses And Production Solutions at IBC2026

ASUS Announces WiFi 8 Router
Enterprise & IT

ASUS Announces WiFi 8 Router

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

be quiet! Dark Perk Mice

be quiet! Dark Perk Mice

SoundPeats C30

SoundPeats C30

XbotGo Chamaleon

XbotGo Chamaleon

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

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