Chinese E-commerce giant Alibaba to Buy AutoNavi

Alibaba to Buy AutoNavi   YouTubeChinese e-commerce giant Alibaba is going all out to seize its share of the digital mapping space, with an offer to acquire Beijing-based AutoNavi Holdings.  The deal edges out Alibaba’s Chinese competitors Baidu and Tencent, but also means bad news for US tech giants Google and Apple. CCTV’s Liling Tan reports from New York.

Follow Liling Tan on Twitter: @LilingTan