AutoNavi Announces Strategic Alliance With Alibaba to Develop Location-Based E-Commerce Opportunities
10 5월 2013 - 6:30PM
AutoNavi Holdings Limited ("AutoNavi" or the "Company")
(Nasdaq:AMAP), a leading provider of digital map content and
navigation and location-based solutions in China, today announced
that the Company and several entities affiliated with Alibaba Group
("Alibaba") have agreed to form a strategic alliance to jointly
explore and develop location-based e-commerce
opportunities.
The parties plan to share certain data, including AutoNavi's map
data and location-related information of the merchants on Alibaba's
e-commerce platforms, including Taobao Marketplace and Tmall.com.
AutoNavi and Alibaba will also cooperate in the areas of map
engine, location search, navigation and cloud computing services
and will cross-promote their respective products and services, with
a goal of developing new location-based business models. In
addition, AutoNavi announced that the parties have entered into
definitive agreements whereby Alibaba, through a wholly owned
subsidiary, will invest approximately $294 million in newly issued
preferred and ordinary shares of the Company, representing
approximately 28% of the Company's total issued and outstanding
shares on a fully-diluted basis. Joseph C. Tsai, executive
vice chairman of Alibaba, and Eddie Wu, president of
Alibaba's mobile products division, will join AutoNavi's board of
directors upon the closing of the transaction. The transaction is
expected to close in the near future, subject to the satisfaction
of customary closing conditions. "We are excited to have Alibaba as
an important business partner and strategic investor in our
company," said Congwu Cheng, AutoNavi's chief executive officer.
"Our new alliance with Alibaba highlights the importance of map
applications as a key entry point for mobile services in the age of
smartphones. With Alibaba's support, AutoNavi will be able to
establish a massive platform of points of interest ("POIs") related
to the kinds of services our users seek every day. The alliance
will also enable us to create an innovative monetization model by
providing consumers with a one-stop service application that
integrates merchant information with POIs search, data mining,
payment, and other e-commerce activities." "This new alliance
reflects our vision for the future of the mobile Internet," said
Jack Ma, executive chairman of Alibaba. "We're pleased to work with
partners such as AutoNavi to develop terrific applications and
services that bring more convenience, fun, and joy to our users.
We'll continue to work toward this goal with tireless
enthusiasm."
About AutoNavi Holdings Limited
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 China market,
including mobile location-based solutions and Internet
location-based solutions, automotive navigation solutions, and
public sector and enterprise applications.
For more information on AutoNavi, please visit
http://www.autonavi.com.
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. Among other
things, the quotations from management in this press release, as
well as AutoNavi's strategic and operational plans, contain
forward-looking statements. AutoNavi may also make written or oral
forward-looking statements in its reports filed with or furnished
to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Statements that are not historical
facts, including statements about AutoNavi's 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, including but not
limited to the following: AutoNavi's ability to adequately maintain
and update its digital map database and minimize errors in its
solutions; its current reliance on the automotive navigation market
and a small number of customers for a substantial portion of its
revenues; the project-based nature of its public sector and
enterprise applications business; its limited operating history in
the mobile/Internet location-based solutions markets; compliance
with a complex set of laws, rules and regulations governing its
surveying and mapping and other businesses in China; competition in
the navigation and location-based solutions businesses in China;
and its ability to manage its growth effectively and efficiently.
Further information regarding these and other risks is included in
AutoNavi's annual report on Form 20-F and 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 AutoNavi undertakes no duty to update such information, except
as required under applicable law.
CONTACT: For investor and media inquiries please contact:
In China:
Investor Relations
AutoNavi Holdings Limited
Tel: +86-10-8410-7883
E-mail: ir@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
(MM) (NASDAQ:AMAP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
(MM) (NASDAQ:AMAP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024