Alibaba, the largest e-commerce marketplace and service provider, announced today to fully acquire AutoNavi Holdings Ltd.(NASDAQ:AMAP), the Chinese map and data service provider.

Update: AutoNavi announced receipt of “going private” proposal later today.

In last May Alibaba bought 28% of AutoNavi for USD 294 million. This time Alibaba will pay USD 21 for per ADS  in cash — that’s a total of USD 1.045 billion.

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Tracey Xiang

Tracey Xiang is Beijing, China-based tech writer. Reach her at traceyxiang@gmail.com