Tencent Buys NavInfo, A Negative For Baidu Map

[at Seeking Alpha] – According to a filing on the Shenzhen Stock Exchange (Chinese: Link), Tencent acquired 11% stake in A-share listed NavInfo (002405 CH) for RMB1.17b, or US$187m. I see this as a risk to Baidu ( BIDU ), … more

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