Other notable development details
On March 24, navinfo announced Sun Yuguo due to the company's development needs and personal reasons, resigned from the post of General Manager, after the post of Executive Vice President Cheng Peng took over as CEO. Cheng peng, navinfo one senior figure, and one of the company's founders, and witnessed the development of navinfo. Navinfo's evaluation of the Board Cheng Peng believes that knowledge and understanding of the management situation and development strategies of the company, has extensive experience in technology, marketing and management, which will no doubt help navinfo founder era after a smooth transition. Sinolink securities analysis, navinfo's executive team have completed the transition, a number of dreams and hard work of the Executive in charge of all business units.
The reporting period, navinfo has established the Foundation Institute of technology, to integrate the research and development team and resources at home and abroad, constantly promote image recognition, sensor fusion map and forward-looking research and development in the field of industry, strengthening connectivity related topics of scientific and research efforts, the company continued in the field of new technologies and new trends in the core position. It can be noted, the Academy is committed to research and development of new technologies and now focuses on automatic driving technology has a lot of contact, and in some occasions, Cheng peng, said that automated driving technology will be companies and Internet business and one of the strategic directions. In addition, navinfo has set up a special division, cooperation with the international mainstream manufacturers and international leading research institutions, and speed for high precision driving, automatic driving of commercial map data. Navinfo suggests that will not be developed cutting-edge technology on the shelf, but can quickly be put into actual production, bring benefit to the company.
If previously acquired Netherlands Mapscape is navinfo AtoZ business expansion of the company's "small scale Chopper" move, then, navinfo's message to the outside world is going to build the company's competitiveness in the global market. In addition to actively develop the overseas business network, establishing overseas branches, expanding the digital map business and Internet service business sales channels advantages of globalization, navinfo also hopes to get involved in overseas mergers and acquisitions and strategic cooperation opportunities, access to strategic assets, to improve international competitiveness. Previously, navinfo was actively involved in bidding for HERE map, this is the map of global map data vendors to market, a big courage to go abroad to participate in the global competition. Navinfo finally made the decision not to bid HERE maps directly, but the move to more fully participate in international mergers and acquisitions gained experience, laying the foundations for the further and comprehensive implementation of the global strategy. Navinfo map as a domestic business expanding global business, the future will bring great economic and strategic significance.
Before you know it, navinfo is achieving business transformation, business revolves around navigation electronic map, and displayed a comprehensive GIS services, vertical depth into developments. But, all these business of carried out?