Acquired in 2014

In 2013, Alibaba spent 1.8 billion to acquire 28% of AutoNavi Map’s shares

In 2014, Alibaba spent 7 billion to acquire 72% of AutoNavi Map’s shares

Alibaba spent a total of 8.8 billion to complete the full acquisition of AutoNavi Map

In the past few years, AutoNavi Map was loss-making because consumers could use the map for free

The business model of the map could not cover the company’s operating costs at first

Later, when Didi’s leading position in taxi-hailing began to waver, AutoNavi Map increased its investment in online car-hailing, integrated other taxi-hailing companies, and intervened in hotel and travel services, and finally achieved profitability

Now AutoNavi Map’s daily transaction volume is about 5.8 million orders

AutoNavi Map’s high-frequency transactions have given Alipay a lot of transaction volume

AutoNavi Map’s commercial value has greatly increased