Alibaba Group Seeks Full Control of Digital Mapping Company AutoNavi

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Hangzhou, Zhejiang province-based Chinese e-commerce giant Alibaba Group has offered to buy out the 72% shares it doesn’t already own in NASDAQ-listed digital mapping and navigation firm AutoNavi Holdings Limited for US$1.1 billion, according to a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).

China Money Network

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