BEIJING, May 15, 2014 (GLOBE NEWSWIRE) -- 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 it will report its financial results for the first quarter 2014 before the U.S. markets open on May 23, 2014.
As announced on April 11, 2014, AutoNavi has entered into an agreement and plan of merger, pursuant to which the Company is to be acquired by Ali ET Investment Holding Limited, an indirect wholly-owned subsidiary of Alibaba Group. Given that the Company is in the process of this anticipated merger, AutoNavi management will not hold an earnings conference call for this quarter.
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 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.