AutoNavi Joins Tmall.com in "11.11 Shopping Festival"
24 10월 2013 - 10:00PM
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 more than 30,000 traditional retail, or "offline" stores
operated by brands with flagship storefronts on Alibaba Group's
business-to-consumer platform, Tmall.com, will utilize AutoNavi's
AMAP mobile map app to provide online-to-offline services as part
of the "11.11 Shopping Festival." The shopping festival coincides
with the unofficial holiday "Singles Day," which is popular among
China's young and unmarried, and celebrated annually on November
11.
A new feature specifically designed for the promotion has been
included in the most recent version of AMAP and will allow users to
identify nearby offline brand stores that are participating in the
event. Users will be able to use AMAP's route planning and online
navigation services to visit physical shops, collect coupons, and
try the products they are interested in. Users will also be able to
access Tmall.com storefronts to view product information, redeem
coupons and complete online purchases all within AMAP.
"We expect that our collaboration with Tmall.com will help
showcase how dynamic, real-time map content can break down the
barriers between online users and offline merchants, while
enhancing the overall online shopping experience," said Mr. Congwu
Cheng, chairman and chief executive officer of AutoNavi. "Although
the cooperation during the 11.11 Shopping Festival is only a trial
that will not generate revenue for us, it reflects our shared
commitment with Alibaba Group to develop mobile commerce models
that address the needs of local merchants and facilitate online
engagements with consumers, which ultimately help drive both online
and offline transactions for merchants. We expect to conduct
similar trials in the future."
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 as well as in its 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.:
Justin Knapp
Ogilvy Financial, USA
Tel: +1-616-551-9714
E-mail: amap@ogilvy.com
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