<div class=newsTextDataWrapInner><p>BEIJING (Aug 28): Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>DiDi Smart Transportation Technology will make up 87% of AutoAi's plan to boost its registered capital by 27.45 million yuan (US$3.85 million or RM16.7 million), with NavInfo contributing the remainder, showed the filing with the Shenzhen Stock Exchange.</p></div>

<div class=newsTextDataWrapInner><p>DiDi will become the second-largest shareholder of AutoAi, a provider of intelligent cockpits-related software and hardware. NavInfo will be the biggest shareholder with 27%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The deal, which confirms a <em>Reuters </em>report on Monday, values the DiDi subsidiary at 450 million yuan, the filing showed.</p></div>

<div class=newsTextDataWrapInner><p>DiDi expects the deal will help it pull back significantly from electric vehicle (EV) manufacturing where automakers compete fiercely in a consolidating market, sources have said.</p></div>

<div class=newsTextDataWrapInner><p>The ride-hailer sold its EV development business, comprising the majority of its EV-related assets, to Xpeng in 2023 in a deal worth US$744 million, in exchange for a roughly 3.25% stake in the automaker.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday.

China's DiDi to become second-largest shareholder of state-backed NavInfo unit

PUTRAJAYA (Nov 24): Malaysia Airlines confirmed on Sunday that flight MH79, en route from Hong Kong to Kuala Lumpur, was diverted to Ho Chi Minh City Airport, Vietnam, due to a technical issue encountered during cruising.

Malaysia Airlines flight MH79 diverted to Vietnam due to technical issue

(Nov 24): Singaporean Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year.

Singapore PM set to take over ruling party ahead of election — Bloomberg

(Nov 23): One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.

Borneo challenge looms as Anwar marks two years as Malaysian PM — Bloomberg

BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

COP29: How does US$300b stack up?

GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments.

Rackson Group to transform Bayan Lepas skyline with RM1.5b GDV project

KUALA LUMPUR (Nov 23): National Unity Minister Datuk Aaron Ago Dagang reminded Malaysians that racial unity and cultural diversity must continue to be strengthened by all parties and should not be taken for granted.

Don’t take racial unity and diversity for granted, says Aaron

MANILA (Nov 24): The Philippines' security council will verify an alleged assassination threat by Vice President (VP) Sara Duterte against President Ferdinand Marcos Jr, a top official said on Sunday, describing it as a "matter of national security".

Philippine VP's assassination threat against president a national security matter, official says

KOTA TINGGI (Nov 24): Johor’s proposal to implement a four-and-a-half-day work week hinges on the state government’s rationale, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

Azalina: Johor’s four-and-a-half-day work week depends on state govt’s rationale

Highlight 

620,000 Malaysian jobs across 10 sectors at high ris...

test most read

MOSCOW (Nov 23): Russian President Vladimir Putin signed a law on Saturday on debt forgiveness for new army recruits signing up to fight in Ukraine, a Russian government website showed.

Putin signs law forgiving debt arrears for new Russian recruits for Ukraine war

<p>(Nov 23):&nbsp;One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.&nbsp;</p>


<p>KUALA LUMPUR (Nov 24): Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.&nbsp;</p>


Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

<p>(Nov 23):&nbsp;In the waning days of his administration, US President Joe Biden is pushing to strengthen Ukraine’s position against Russia before the return of Donald Trump to the White House.</p>


Biden rushes to bolster Ukraine before Trump takes control

<p>KUALA LUMPUR (Nov 24): William Dalrymple — scholar, detective, master storyteller and acclaimed historian — weaves together the various narratives and legacies of Ancient India in his latest book, The Golden Road, which trumpets the subcontinent’s impact as a primaeval superpower, the effects of which reverberate until today.&nbsp;</p>


His story

<p>KOTA TINGGI (Nov 24): Johor’s proposal to implement a four-and-a-half-day work week&nbsp;hinges on the state government’s rationale, said Minister in the Prime Minister's Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.</p>


<p>GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments. &nbsp;</p>


<p>MANILA (Nov 24): The Philippines' security council will verify an alleged assassination threat by Vice President (VP) Sara Duterte against President Ferdinand Marcos Jr, a top official said on Sunday, describing it as a "matter of national security".</p>


<p>KUALA LUMPUR (Nov 23): The government has called on stakeholders, particularly housing developers, to adopt alternative energy sources&nbsp;such as solar power, and prioritise biodiversity, Deputy Prime Minister Datuk Seri Fadillah Yusof said. &nbsp;</p>


Govt urges stakeholders, housing developers to embrace RE, enhance sustainability efforts, says Fadillah

<p>KUALA LUMPUR (Nov 23): Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani&nbsp;government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.</p>


PM: Allocations for all states raised continuously

<p>BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:</p>


<p>MOSCOW (Nov 23): Russian President Vladimir Putin signed a law on Saturday on debt forgiveness for new army recruits signing up to fight in Ukraine, a Russian government website showed.</p>


<p>(Nov 24):&nbsp;Singaporean&nbsp;Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year. &nbsp;&nbsp;</p>


<p>PUTRAJAYA (Nov 24): Malaysia Airlines confirmed on Sunday that flight MH79, en route from Hong Kong to Kuala Lumpur, was diverted to Ho Chi Minh City Airport, Vietnam, due to a technical issue encountered during cruising.</p>


<p>KUALA LUMPUR (Nov 23): National Unity Minister Datuk Aaron Ago Dagang reminded Malaysians that racial unity and cultural diversity must continue to be strengthened by all parties and should not be taken for granted.&nbsp;</p>


<div class="score-right">
<div class="related-news-wrapper">
<div class="related-news-content">
<div class="flash-highlight"><a href="/flash-categories/highlight" target="_blank">Highlight </a></div>

<p><a href="/node/734414" target="_blank">620,000 Malaysian jobs across 10 sectors at high ris...