HERE expands into China and provides update on shareholders

HERE Technologies announced that its joint venture in China with NavInfo Co., Ltd, is now operational, meaning that HERE can begin extending its location services to the country. The two companies plan to cooperate on services for Chinese and global customers across a range of industries, including the automotive market where they are already working together on the creation and provisioning of high definition mapping and location services for automated cars. In parallel, HERE is proceeding with a planned strategic cooperation with Tencent Holdings Limited, a leading provider of Internet value-added services in China. Tencent is exploring the use of mapping and location platform services from HERE in its own products and services both in China and internationally. Supported by the collaborations with NavInfo and Tencent, HERE is targeting strong growth in China in the coming years.
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