Tencent, NavInfo, and GIC have bought a 10 percent interest in mapping organisation HERE

HEREHERE’s Real Time Traffic service.HERE

FRANKFURT, Dec 27 (Reuters) – Chinese mapping association NavInfo, internet services organisation Tencent and Singapore emperor resources account GIC are jointly shopping a 10 percent interest in digital maps association HERE from German carmakers BMW, Daimler and Volkswagen, HERE pronounced on Tuesday.

HERE would form a corner try with NavInfo to extend a charity to China regulating NavInfo’s information and services, it pronounced in a statement. Tencent will duration use HERE’s mapping and plcae height services in a possess products and services, both in China and internationally.

HERE did not contend how most a investors were profitable for a 10 percent stake.

Daimler’s Mercedes-Benz, Volkswagen’s Audi multiplication and BMW bought HERE for 2.55 billion euros ($2.6 billion) from Nokia final year to emanate an choice digital mapping business to Google.

Intelligent mapping systems supply information to control self-driving cars, that are versed with street-scanning sensors to magnitude trade and highway conditions. This plcae information can in spin be common with other map users.

HERE has been articulate to dozens of probable investors, including Amazon.com, Microsoft and Bosch , and had pronounced it directed to find new partners by a finish of a year.

($1 = 0.9576 euros) (Reporting by Maria Sheahan; Editing by Biju Dwarakanath)

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