AMAP: AutoNavi Holdings Instablogs

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Friday, May 10, 9:18 AM Alibaba buys a 28% stake in AutoNavi (AMAP) for $294M, through a mixture of common and preferred stock. Along with the investment, Alibaba plans to integrate AutoNavi's mapping/location content on its dominant Taobao and Tmall e-commerce sites, and to cooperate on future location services work. News of the deal comes 11 days after Alibaba announced it's buying an 18% stake in Sina. AMAP nonetheless -1.1% after rallying 14% over the last two days (did some investors know in advance?). The company's big Q1 revenue miss is likely playing a role. The deal gives Yahoo (YHOO) an indirect 6.7% stake in AutoNavi. Comment! [Tech]
Friday, May 10, 6:16 AM AutoNavi (AMAP): Q1 EPS of $0.17 misses by $0.02. Revenue of $34.31M misses by $6.07M. (PR) Comment! [Earnings, Breaking News, Tech]
Wednesday, April 17, 2:06 PM Nuance (NUAN) partners with Chinese online/mobile mapping and navigation software leader AutoNavi (AMAP -2%) to develop a Chinese-language "voice-enabled navigation product" called AutoNavi Map, which will launch in Q2. Nuance notes AutoNavi's navigation data products/services have been built into 100+ cars, and that its Amap mobile mapping app has 100M+ users. (PR) Comment! [Tech]
Wednesday, February 27, 6:32 AM AutoNavi Holdings (AMAP): Q4 EPS of $0.22. Revenue of $43.6M (+25.7% Y/Y). (PR) Comment! [Earnings, Breaking News, Tech]
Monday, February 18, 9:16 PM Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO, has launched a search engine that encompasses Web, image, news, and (AMAP-powered) map queries. Unlike QIHU, which has grabbed ~10% of the Chinese market since August, Alibaba doesn't have a popular browser to drive traffic, but it does have several popular shopping sites and the eTao shopping engine. The launch comes as top rival 360buy closes a $700M funding round at a reported $7.25B valuation, a possible stepping stone to an IPO. 5 Comments [Tech]
Tuesday, December 11, 2012, 5:41 PM Sina (SINA +4.4%), which rallied today along with other Chinese ADRs, has formed a partnership with Chinese mapping leader AutoNavi (AMAP +4.5%). In a buzzword-filed PR, the companies state Sina Weibo content will be accessible via AutoNavi's mobile apps, and that Weibo users will gain access to AutoNavi's mapping and location services. Weibo now has over 424M registered accounts, though monthly active users are closer to 40M. Comment! [Tech, On the Move]
Friday, December 7, 2012, 6:51 PM Some Chinese ADRs were among the biggest tech losers today, possibly thanks to ongoing de-listing fears stemming from the SEC's lawsuits against the Chinese arms of the Big-4 accounting firms. SPRD -8.2%. YOKU -6.9%. AMAP -5.7%. On the other hand, some Chinese solar names posted huge gains, likely on hopes JinkoSolar's $1B financing deal with China Development Bank indicates government support for the cash-burning industry remains strong. TSL +9.6%. LDK +12.1%. 2 Comments [Tech, On the Move]
Thursday, November 15, 2012, 7:21 AM AutoNavi Holdings (AMAP): Q3 EPS of $0.25 beats by $0.02. Revenue of $40.2M (+18.7% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Monday, September 24, 2012, 6:00 PM While Apple deals with its maps issues, Baidu (BIDU) is rolling out a major update for the iOS and Android editions of Baidu Maps. Store/restaurant discounts, better voice navigation, and real-time traffic and public transit data are some of the new features. Baidu was recently estimated to control 17.3% of China's mobile maps market, and appears poised to eclipse Google as the market's #2 player. #1 AutoNavi (AMAP) is expected to provide local data for Apple's maps. Comment! [Tech]
Monday, September 17, 2012, 9:30 AM Yandex (YNDX) will underpin Apple's (AAPL) new iOS mapping platform in Russia, the WSJ reports. The Russian search leader will provide local data and power location-based searches, and a link to Yandex's own mapping app will be provided when users want more details about a subject. Apple has also tapped TomTom and (reportedly) AutoNavi (AMAP) to provide iOS mapping data, as it tries to cut all ties with Google Maps (GOOG). 1 Comment [Tech]
Tuesday, August 14, 2012, 2:53 PM Google's (GOOG) declining Chinese search share - the result of its decision to abandon Google.cn rather than censor results - is taking a toll on Google Maps' position in the country. Analysis estimates Google Maps' share of the Chinese mobile map market fell to 17.5% in Q2 from 25.2% in Q4. Baidu Maps (BIDU) is the main beneficiary: its share rose over this time to 17.3% from 11.7%. AutoNavi (AMAP) leads the market with a 25.7% share. 3 Comments [Tech]
Tuesday, August 14, 2012, 7:10 AM AutoNavi Holdings (AMAP): Q2 EPS of $0.26 in-line. Revenue of $40.2M (+22.6% Y/Y) in-line. (PR) Comment! [Earnings, Tech]
Tuesday, June 12, 2012, 1:45 PM China's AutoNavi (AMAP +3.3%) is one more company moving due to Apple's mapping/navigation announcements. Goldman says it believes AutoNavi, rather than TomTom (previous), will supply iOS mapping data and location services in China. The firm points out Apple and TomTom don't have local map data/service licenses, and checks indicate AutoNavi's maps are already used in the Chinese beta version of iOS 6. Also, Apple has already struck deals with many Chinese service providers. Comment! [Tech, On the Move, Quick Ideas]
Tuesday, May 15, 2012, 6:35 AM AutoNavi Holdings (AMAP): Q1 EPS of $0.24 beats by $0.05. Revenue of $35.7M (+40.6% Y/Y) beats by $2.3M. (PR) Comment! [Earnings, Tech]
Tuesday, February 28, 2012, 6:55 AM AutoNavi Holdings (AMAP): Q4 EPS of $0.14 misses by $0.01. Revenue of $34.7M (+51% Y/Y) beats by $2M. (PR) Comment! [Earnings, Tech]

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