SINA and AutoNavi Launch Location-based Social Networking Service Platform
11 12월 2012 - 5:00PM
SINA Corporation ("SINA") (Nasdaq:SINA), a leading online media
company serving China and the global Chinese communities, and
AutoNavi Holdings Limited ("AutoNavi") (Nasdaq:AMAP), a leading
provider of digital map content and navigation and location-based
solutions in China, today jointly announced a strategic partnership
to integrate and enhance each other's social, location and mobile
("SoLoMo") offerings.
As a result of this partnership, AMAP, AutoNavi's mobile map
application, users will be able to sign on using Weibo Connect and
access content directly from SINA Weibo. SINA Weibo users will also
have access to the content and functionality of AMAP. The companies
expect such content and product integration will enhance the social
networking and navigational aspects of each other's mobile
offerings.
"Over 70% of SINA Weibo users access the social media platform
at least partially via mobile devices," said Gaofei Wang, Vice
President and General Manager of SINA Mobile. "LBS (location based
services) and mapping services will play a key role in Weibo's
mobile strategy, and we are excited to be partnering with AutoNavi
to leverage their expertise in these areas."
"In teaming up with SINA, we are proud to provide our mapping
and location-based services to over 400 million SINA Weibo users,
while at the same time integrating SINA Weibo's social content and
SNS features into AMAP," said Mr. Congwu Cheng, chief executive
officer of AutoNavi. "We believe our collaboration with SINA Weibo
will benefit both of our users and we look forward to future
cooperation between our two companies as we continue to bring new
features and functionalities to our users."
About SINA
We are an online media company serving China and the global
Chinese communities. Our digital media network of SINA.com
(portal), SINA.cn (mobile portal) and Weibo.com (social media)
enable Internet users to access professional media and user
generated content in multi-media formats from the web and mobile
devices and share their interests to friends and acquaintances.
SINA.com offers distinct and targeted professional content on
each of its region specific websites and a range of complementary
offerings. SINA.cn provides information and entertainment content
from SINA portal customized for WAP users. Based on an
open-platform architecture to host organically developed and
third-party applications, Weibo.com is a form of social media,
featuring microblogging services and social networking services
that allow users to connect and share information anywhere, anytime
and with anyone on our platform.
Through these businesses and properties and other business
lines, we offer an array of services including mobile value added
services ("MVAS"), online video, music streaming, online games,
photo sharing, blog, email, classified listings, fee-based
services, e-commerce and enterprise services. We generate the
majority of our revenues from online brand advertising, MVAS and
fee-based services.
About AutoNavi
AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of
digital map content and navigation and location-based solutions in
China. At the core of its business is a comprehensive nationwide
digital map database that covers approximately 3.6 million
kilometers of roadway and over 20 million points of interest across
China. Through its digital map database and proprietary technology
platform, AutoNavi provides comprehensive, integrated navigation
and location-based solutions optimized for the Chinese market and
users, including automotive navigation solutions, mobile
location-based solutions and Internet location-based solutions, and
public sector and enterprise applications. For more information on
AutoNavi, please visit http://www.autonavi.com.
The AutoNavi Holdings Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=16204
Forward Looking Statements
This press release contains forward-looking statements made
under the "safe harbor" provisions of Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements
can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "confident" and similar statements. SINA and AutoNavi
may also make written or oral forward-looking statements in their
respective reports filed with or furnished to the U.S. Securities
and Exchange Commission, in their respective annual report to
shareholders, in press releases and other written materials and in
oral statements made by their respective officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about the companies' beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement. These factors include
the risk factors detailed in the companies' respective annual
report on Form 20-F as well as in their other filings with the
Securities and Exchange Commission. All information provided in
this press release is current as of the date of the press release,
and neither SINA nor AutoNavi undertakes any duty to update such
information, except as required under applicable law.
CONTACT: For investor and media inquiries please contact:
SINA
Investor Relations
SINA Corporation
Phone: 8610-82628888 x 3112
Email: ir@staff.sina.com.cn
AutoNavi
In China:
Serena Shi
AutoNavi Holdings Limited
Tel: +86-10-8410-7883
E-mail: serena.shi@autonavi.com
Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86-10-8520-3073
E-mail: amap@ogilvy.com
In the U.S.:
Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
E-mail: amap@ogilvy.com
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