China Relaxes Online Mapping JV Requirements
Sina Tech, 6/03/11
China's National Administration of Surveying, Mapping and Geoinformation (NASMG) announced yesterday that under new revisions to China's online mapping regulations, overseas companies such as Google that wish to engage in mapping-related services in China must still form a joint venture with a domestic partner, but the Chinese partner is no longer required to hold a majority stake. The language of the new provisional regulations state that the overseas investor's stake in any mapping-related joint venture cannot exceed 50%.
Editor's Note: For more information on this topic, please see "Rumor: Google May Have Applied for Online Mapping License" MD 5/31/11 issue.
Keywords: e-mapping foreign investment online mapping Internet license Google National Administration of Surveying Mapping and Geoinformation JV regulation