Chinese internet giant Tencent Holdings has agreed to to acquire an 11.28% stake in Beijing-based digital mapping service provider Navinfo Co. Ltd. for RMB1.173 billion yuan (US$187 million), according to a securities filing of Navinfo. Tencent's investment arm, Tencent Industry Fund, will acquire 78 million shares of Navinfo at RMB15.04 per share from Navinfo's major […]
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