Wednesday, August 19th, 2015
E-commerce giant Alibaba is bent on developing the country’s home-grown global positioning system for corporations and developers as China continues to wean itself off its dependence on GPS. Alibaba set up a joint venture called Qianxun Location Network on Tuesday with...
Wednesday, July 9th, 2014
Many reports in the Chinese media have indicated that Alibaba, China's largest e-commerce site that is on an investment spree, will team with State-owned China North Industries Group to promote the commercial uses of the Beidou navigation...
Friday, April 11th, 2014
Mapping and navigation firm AutoNavi has agreed to a $1.5 billion acquisition by China's largest e-commerce company, Alibaba Group Holding Ltd. Alibaba will pay $5.25 a share to AutoNavi stockholders, or $21 per American depositary share. That...
Tuesday, February 11th, 2014
Alibaba, China’s largest e-commerce firm owned 24% by Yahoo (YHOO), offered to buy digital mapping company AutoNavi (AMAP) on Monday for $1.45 billion. The take-private transaction, valued at $21 an American depository share, represents a premium of...