According to the source, Tencent will buy 78 million shares at CNY 15.04 per share from Navinfo’s shareholder, China Siwei Surveying & Mapping Technology Corporation.
In March 2014, a report by market research company Newzoo revealed that Tencent has turned into the world’s largest company in terms of revenues in 2013.
Check out our Cross-border Ecommerce Research section for more info on specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation in China .
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