Amap is a first-class free map navigation product in China. It is also the mobile map with the most comprehensive location-based life service functions and the richest information. It is provided by the largest electronic map, navigation and LBS service solution provider in China. Extended information On February 11, 2014, Alibaba Group (hereinafter referred to as "Alibaba") made new moves just 9 months after it acquired a stake in Amap. Alibaba announced last night that it would acquire 72% of Amap's shares for US$1.1 billion in cash. Once the transaction is completed, Amap will become a wholly-owned subsidiary of Alibaba Group, and this is expected to be the first blockbuster transaction in the Internet industry this year. The above transaction marks that the three giants of China's Internet BAT (Baidu, Alibaba and Tencent) have all "personally" entered the map field. Previously, Alibaba Group made a strategic investment of US$294 million in Amap in May 2013. It is expected that the two parties will cooperate in the fields of map search, product commercialization, data sharing, cloud computing, etc., especially in data sharing, Amap and Alibaba will jointly build a big data service system.