Tencent To Buy 11.3% Stake In Mapping Company NavInfo For $187M

 Tencent, one of China's largest Internet companies, will spend 1.17 billion yuan, or $187 million for a 11.3% stake in NavInfo, one of the country's largest mapping companies. Best known abroad as the maker of WeChat, Tencent's products in China include a large range of consumer mobile products and NavInfo will help power its location-based services. Read More