QUOTE AND NEWS
StreetInsider.com  Jul 17  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/AutoNavi+%28AMAP%29+Announces+Completion+of+Takeover+by+Alibaba+/9670414.html for the full story.
DailyFinance  Apr 16  Comment 
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of AutoNavi Holdings Limited (“AutoNavi” or...
New York Times  Apr 11  Comment 
AutoNavi Holdings, which holds a rare mapping license from the Chinese government, has agreed to sell itself to the Alibaba Group in a deal that values it at $1.5 billion.
Wall Street Journal  Apr 11  Comment 
TheStreet.com  Apr 11  Comment 
NEW YORK (TheStreet) -- Shares of AutoNavi Holdings Ltd.  are up 2.49% to $20.55 after it was announced that the Chinese digital mapping and navigation firm agreed to be acquired by e-commerce firm Alibaba Group Holding Ltd. in a deal valuing...
SeekingAlpha  Feb 28  Comment 
AutoNavi Holdings (AMAP) Q4 2013 Earnings Conference Call February 28, 2014 08:00 AM ET Executives Helen Zhu - Director of IR Congwu Cheng - CEO Ji Ma - CFO Analysts Jake Lynch - Macquarie Presentation ...
StreetInsider.com  Feb 27  Comment 
The Trading Radar highlights key earnings and economic announcements for the next trading session: Before Markets Open: Economics: 8:30am EST GDP: 2nd estimate - Street sees 2.6% GDP Deflator: 2nd estimate - Street sees 1.3% Earnings: 3D...
Reuters  Feb 11  Comment 
Alibaba Group Holding Ltd , China's largest e-commerce firm, offered on Monday to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58...
MarketWatch  Feb 11  Comment 
Alibaba Group deepens its commitment to competing for China’s growing legions of mobile users, offering $1.13 billion to acquire the 72% stake in AutoNavi Holdings that the Chinese e-commerce company doesn’t already own.
CNBC  Feb 10  Comment 
CNBC's Seema Mody looks at three stocks to watch tomorrow, including Autonavi Holdings, which may be going private; GT Advanced Tech traded heavy today on news it could be supplying sapphire crystals to Apple; and Aeropostale, which is feeling...
Reuters  Feb 10  Comment 
Alibaba Group Holding Ltd, China's largest e-commerce firm, offered to buy AutoNavi Holdings Ltd in a deal valuing the Chinese digital mapping and navigation firm at $1.58...




 
TOP CONTRIBUTORS

AutoNavi Holdings (AMAP) (NASDAQ:AMAP) provides digital map content for navigation and location-based services in China. Its database covers about 2.8 million kilometers of roads and over 12.5 million points of interests in China, containing almost all of China's 1.3 billion people's locations. It has three main products: automotive navigation, public sector and enterprise application, and wireless/internet location-based services businesses. Automotive navigation accounts the company's sales of its digital map data for in-dash navigation systems. Public sector and enterprise applications accounts for the services it provides public sector and enterprise customers, such as 3-D modeling, aerial photography, and location-based services. Wirelss/internet location-based solutions account for the digital map database sales to mobile companies such as China mobile for wireless-location-based services. [1]

The digital map data, navigation and location-based services markets are projected for substantial growth in China. According to Analysys In-Dash Report, sales of in-dash navigation systems are projected to grow at a CAGR of 44.6% from 348.000 units in 2009 to 1.1 million units in 2012. Sales of portable navigation devices are projected to increase at a CAGR of 22.2% from 1.5 million units in 2009 to 2.8 million units in 2012. [1]

The company filed an initial public offering (IPO) on the NASDAQ on 1 July 2010. The company's shares priced at $12.50, at the higher end of the price range: $10.50-$12.50. The company offered 8.6 million shares to raise $108 million. [1]

For FY2009 with year ended 31 December 2009, the company had net revenues of $57.2 million, up 25.7% from $45.5 million in net revenues for FY2008. Furthermore, the company had net income of $10.4 million in FY2009, up 371.7% from $2.2 million in FY2008. As of 31 March 2010, the revenue mix had 73.8% of total net revenues in automotive navigation, 13.8% in public sector and enterprise applications, and 10.7% in wireless/Internet location-based services businesses. [1]

References

  1. 1.0 1.1 1.2 1.3 AutoNavi Holdings F-1/A
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