{"id":56923,"date":"2014-05-06T08:48:14","date_gmt":"2014-05-06T06:48:14","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=56923"},"modified":"2014-05-06T08:48:14","modified_gmt":"2014-05-06T06:48:14","slug":"tencent-acquires-mapping-service-provider","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/internet\/56923\/tencent-acquires-mapping-service-provider\/","title":{"rendered":"Tencent acquires mapping service provider"},"content":{"rendered":"

Chinese internet service provider Tencent Holdings plans to acquire an 11.3 percent stake in digital mapping service provider Navinfo Co Ltd for 1.17 billion yuan ($187.33 million), Navinfo said late on Monday.<\/p>\n

Tencent will buy 78 million shares at 15.04 yuan per share from Navinfo’s major shareholder China Siwei Surveying & Mapping Technology Corporation, according to a statement posted on the website of the Shenzhen Stock Exchange. The deal is pending regulatory approval.<\/p>\n

Last month rival Alibaba Group Holdings announced a similar deal to acquire online map provider Autonavi Holdings as China’s internet giants chase growth through increasingly aggressive acquisition strategies.<\/p>\n

More on Tencent<\/h3>\n

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Naspers slides 5% again on Tencent<\/a><\/strong><\/p>\n

Naspers shares plumment on Tencent woes<\/a><\/strong><\/p>\n

Crackdown hits Tencent\u2019s WeChat service<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Chinese internet service provider Tencent Holdings plans to acquire an 11.3 percent stake in digital mapping service provider Navinfo Co Ltd for 1.17 billion yuan ($187.33 million), Navinfo said late on Monday.<\/p>\n","protected":false},"author":7,"featured_media":7866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9882],"tags":[25,1977],"class_list":["post-56923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-internet","tag-active","tag-tencent"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=56923"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56923\/revisions"}],"predecessor-version":[{"id":56935,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/56923\/revisions\/56935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/7866"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=56923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=56923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=56923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}