Zenrin Falls on Speculation That Google Maps Partnership Is Over
This article is for subscribers only.
Zenrin Co. plunged the most in three years in Tokyo amid speculation that Japan’s biggest mapmaker has ended its relationship with Alphabet Inc.’s Google.
The shares fell as much as 13 percent to 2,576 yen on Friday, the biggest intraday decline since June 2016. Japanese users took to social media to complain about the sudden deterioration in the quality of Google Maps in the country, and pointed out that a previous copyright attribution to Zenrin has vanished from the fine print at the bottom of the screen.