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luokung.com

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About Luokung

Luokung (箩筐技术公司) (NASDAQ: KONE) is a graphics data processing technology company, a location-based service in China, and a railway Wi-Fi market in China. Luokung's core mobile application product, the Luokuang platform, is a Location-based Service (LBS) social content and service distribution platform. Luokung mainly provides personalized and precise services to long distance travelers in two locations: on the train and at the destination.

Luokung Headquarter Location

Beijing,

China

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Latest Luokung News

Luokung announces pact with Microsoft for autonomous driving services

Sep 20, 2021

Under the terms of the agreement, EMG will work with Microsoft to provide auto manufacturers with services, including collection, storage, analysis, management, and simulation testing of autonomous driving data, to assist automakers in the rapid implementation of autonomous driving technologies in China. EMG anticipates continuing to work with Microsoft to provide these data services when large-scale commercialization of autonomous driving takes place. Through this relationship, EMG and Microsoft plan to use their expertise in each of their respective fields to form close cooperation that addresses the market opportunities presented by autonomous driving in China, creating an automobile industry solution designed for the Chinese market. EMG has already obtained service contracts from a European car manufacturer and a US car manufacturer. These contracts are expected to be implemented in the coming months. “As the demand for flexible computing continues to expand, China’s autonomous driving data service market shows significant room for growth. We believe EMG’s core competencies in LBS and HD Maps are an ideal fit with Microsoft’s considerable advantages in areas of cutting-edge technology such as cloud computing, artificial intelligence, elastic computing, and mixed reality. We are pleased to deepen our existing relationship with Microsoft in this effort to promote the development of safe and intelligent autonomous driving in China,” Xuesong Song, Chairman and CEO, was quoted as saying. TAGS

Luokung Acquisitions

2 Acquisitions

Luokung acquired 2 companies. Their latest acquisition was BotBrain on May 13, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/13/2019

Seed VC - II

$991

$4.73M

Corporate Majority

2

8/27/2018

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$991

$99M

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10

Date

5/13/2019

8/27/2018

Investment Stage

Seed VC - II

Companies

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Valuation

$991

$991

Total Funding

$4.73M

$99M

Note

Corporate Majority

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Sources

2

10

Luokung Partners & Customers

2 Partners and customers

Luokung has 2 strategic partners and customers. Luokung recently partnered with Ford Motor Company on February 2, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

2/11/2020

Client

Ford Motor Company

United States

Luokung Technology : Ford Motor Corporation Selects Luokung's Subsidiary EMG as the provider of HD Map Service for Ford China's Autonomous Driving Project

BEIJING , Feb. 11 , 2020 / PRNewswire / -- Luokung , one of the global leading spatial-temporal big-data processing technology companies , a leading interactive location-based services company in China , announced today that Ford Motor Corporation has selected Luokung 's subsidiary eMapgo Technologies as the only provider for Ford so far to utilize its proprietary autonomous driving HD map service capabilities to be used in Ford Motor Corporation vehicles sold in the Chinese market .

1

5/30/2019

Partner

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10

Date

2/11/2020

5/30/2019

Type

Client

Partner

Business Partner

Ford Motor Company

Country

United States

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News Snippet

Luokung Technology : Ford Motor Corporation Selects Luokung's Subsidiary EMG as the provider of HD Map Service for Ford China's Autonomous Driving Project

BEIJING , Feb. 11 , 2020 / PRNewswire / -- Luokung , one of the global leading spatial-temporal big-data processing technology companies , a leading interactive location-based services company in China , announced today that Ford Motor Corporation has selected Luokung 's subsidiary eMapgo Technologies as the only provider for Ford so far to utilize its proprietary autonomous driving HD map service capabilities to be used in Ford Motor Corporation vehicles sold in the Chinese market .

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Sources

1

10

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