China's Didi Global is reportedly in advanced discussions to divest its smart driving and cockpit assets to a unit of NavInfo, a state-backed digital mapping company. The transaction is said to be valued at approximately 500 million yuan. This move aligns with Didi's strategic efforts to streamline its operations and focus on its core business areas. The potential buyer, NavInfo, is a prominent player in the digital mapping sector, which could benefit from the integration of Didi's smart auto technologies.
Exclusive: China's Didi in talks to sell smart auto assets to state-backed NavInfo's unit, say sources https://t.co/NiQ50gNwHc https://t.co/9rGmrBWDgQ
DIDI TO SELL SMART AUTO ASSETS AT ~500M YUAN VALUATION: RTRS
Exclusive-China's Didi in talks to sell smart auto assets to state-backed NavInfo's unit, say sources https://t.co/zTqONNBZjo