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The development history of Amap

The development history of Amap:

Amap’s entrepreneurial team has been involved in the GPS field since the 1990s. In July 2002, Amap Software Co., Ltd. After the establishment of the company, under the leadership of the founding team of AutoNavi, AutoNavi's R&D team finally developed a set of data collection tools and editors with independent intellectual property rights after half a year based on the characteristics of the national basic map data at that time. processing platform.

Technological exploration and innovation have brought business opportunities to AutoNavi. In August 2002, AutoNavi jointly established Beijing Edifi Navigation Technology Co., Ltd. with Aisin AW, Fuji Ten and other companies, and began to develop the vehicle navigation electronic map sales market.

After obtaining the Class A surveying and mapping qualification for navigation electronic maps, AutoNavi is committed to exploring and innovating business models while conducting research and development and accumulation of navigation electronic map database content and navigation engines to provide customers with integrated solutions. , expand business areas. Leading core technologies and innovative business models have enabled AutoNavi's products and services to achieve excellent results in the three major business areas of car navigation applications, wireless Internet location service applications, and government and enterprise applications. It has also established AutoNavi's leadership in China's navigation industry. status.

On July 1, 2010, AutoNavi was successfully listed on the NASDAQ Global Select Market in the United States with the stock code AMAP, achieving a new historic leap in the company's development.

In April 2014, AutoNavi officially reached a merger agreement with Alibaba Group. Alibaba will acquire the remaining 72 shares of AutoNavi at a consideration of US$5.25 per ordinary share or US$21.00 per American depositary share (ADS).

Cheng Congwu, Chairman and CEO of AutoNavi, said: "I believe this transaction maximizes the interests of AutoNavi shareholders. Becoming a member of Alibaba is the best choice for AutoNavi employees and customers. . Alibaba will provide the company with abundant strategic resources and assistance to accelerate the penetration of AutoNavi location services in China’s mobile Internet ecosystem.”

Extended information:

Amap. Map introduction:

Basic functions

The latest map browser: the latest vector map rendering, the highest quality map effect, the richest data information, the fastest operating experience, and the most data saving. Professional map services: on-site collection, online collection, industry-leading. 20 million POI information, updated four times a year

Leading map rendering technology: performance increased by 10 times, space occupied by 80% less, and traffic saved by more than 90% compared with traditional map software. Professional online navigation function: covering 364 cities across the country and 3.52 million kilometers of national road mileage. Online navigation function: the latest Amap online navigation engine, full voice guidance prompts, and improved yaw determination and yaw redirection functions.

AR virtual reality: The AR function combines the mobile phone camera with user location, direction and other information to present information points to users in a more intuitive way, providing rich guidance for discovery and target locations

Travel query functions: place name information query, classified information query, bus transfer, driving route planning, bus route query, location favorites and other rich basic geographical information query tools. Lock screen voice prompts, you can hear the voice prompts from Amap even if your phone is locked, so you don’t have to worry about leaving the phone screen on all the time.

For nighttime navigation HUD head-up prompts, open Amap and turn on the HUD. Put your phone under the car windshield. Amap will reflect the route prompts on the car windshield, which looks particularly convenient. , no need to worry about lowering your head to look at your mobile phone which will affect your driving.

Amap is China's leading provider of digital map content, navigation and location service solutions. It has the "three A" qualifications of Class A surveying and mapping qualifications for navigation electronic maps, Class A qualifications for surveying and mapping aerial photography, and Class A surveying and mapping qualifications for Internet map services. Its high-quality electronic map database has become the company's core competitiveness.

The company was listed on the Nasdaq Global Select Market (NasdaqAMAP) in the United States in 2010.

In December 2014, AutoNavi released the "Travel Protection" plan, announcing that this service would be effective for a long time and that the maximum compensation limit would be increased to 1,000 yuan. On June 5, 2018, Apple released the latest iOS 12 operating system at the Apple Developer Conference on June 4, US time. CarPlay supports Amap.

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