Comment on Alibaba to Fully Acquire Mapping Service AutoNavi by Alibaba’s mapping service AutoNavi talks monetization plans | Tech Auntie

['Tracey Xiang', 'More Tracey Xiang', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-02-10 00:00:00

Alibaba, the largest e-commerce marketplace and service provider, announced today to fully acquire AutoNavi Holdings Ltd.(NASDAQ:AMAP), the Chinese map and data service provider. Update: AutoNavi announced receipt of “going private” proposal later today. This time Alibaba will pay USD 21 for per ADS in cash — that’s a total of USD 1.045 billion. In the past January, the open platform of AutoNavi was merged into Aliyun, the mobile service division of Alibaba. AutoNavi is also supporting the bill-splitting feature on Alipay Wallet, Alibaba’s mobile payment and service app with precise locationing.