Luokung Technology

Luokung Technology Corp. (箩筐技术) is a Chinese technology company focused on spatial-temporal big data, location-based services (LBS), and digital mapping software. The company was founded in 2007 and is headquartered in Beijing, China. It is publicly listed on the Nasdaq Capital Market under the ticker symbol LKCO. Luokung's core offerings revolve around its proprietary spatial-temporal data platform, which integrates mapping, remote sensing, and location intelligence for industries such as transportation, smart cities, and environmental monitoring. The company has positioned itself as a provider of high-precision maps and location data services in China, competing in a market that includes larger players like Baidu Maps and AutoNavi (Amap). In recent years, Luokung has expanded into connected and autonomous driving solutions, offering high-definition (HD) maps and location data services for automotive applications. The company has also pursued partnerships and acquisitions to strengthen its technology stack and market reach. Luokung's listing on Nasdaq has exposed it to U.S. capital markets, and it has faced scrutiny related to U.S. regulatory actions affecting Chinese companies, including executive orders and delisting concerns. Despite these challenges, the company continues to operate and develop its spatial-temporal big data business. As a brand, Luokung Technology represents a niche player in China's geospatial technology sector, with a focus on enterprise and government clients seeking advanced mapping and location analytics solutions.

Luokung Technology Corp. was founded in 2007 in Beijing, China, as a provider of spatial-temporal big data and location-based services. The company initially focused on digital mapping and geographic information systems (GIS) for government and enterprise clients. In the 2010s, Luokung expanded its offerings to include high-precision maps and location data services, targeting the emerging smart city and transportation sectors. The company developed its proprietary spatial-temporal data platform, which integrates multiple data sources including satellite imagery, sensor data, and user-generated content. Luokung went public on the Nasdaq Capital Market under the ticker symbol LKCO, raising capital to fund its expansion. The listing brought increased visibility but also exposure to U.S. regulatory scrutiny of Chinese companies. In 2020, the company announced plans to acquire eMapgo Technologies, a Chinese provider of autonomous driving simulation and high-precision maps, though the deal faced regulatory hurdles. Luokung also pursued partnerships with automotive OEMs and technology firms to integrate its HD maps into autonomous driving systems. In January 2021, former U.S. President Donald Trump issued an executive order that prohibited U.S. investment in companies deemed to have ties to the Chinese military, and Luokung was among the companies affected. The company challenged the designation in court and obtained a preliminary injunction, allowing it to continue trading on Nasdaq. Despite these challenges, Luokung has continued to operate and develop its spatial-temporal big data business, focusing on the Chinese market. The company remains a niche player in the geospatial technology sector, competing with larger, better-capitalized rivals.

• 2021

  Affected by U.S. executive order on Chinese military-linked companies; obtained preliminary injunction.

• 2020

  Announced plan to acquire eMapgo Technologies.

• 2007

  Luokung Technology founded in Beijing, China.

Niche provider of spatial-temporal big data and location intelligence in China.

• Spatial-temporal big data platform

  Platform integrating mapping, remote sensing, and location data for analytics.

• High-precision maps

  Maps with high accuracy for automotive and smart city applications.

• 2021-08-09

  E-TuTong ranked third in China high-precision map solutions market share[1]易图通位列中国高精度地图解决方案市场份额第三prnasia.com

  Reported: 2021-08-12

  Luokung announced that IDC's 2020 China high-precision map solutions market-share report ranked its subsidiary E-TuTong third, with a 16.15% share.

• 2021-03-17

  Luokung completes acquisition of E-Tu-Map[2]箩筐技术完成对易图通的收购prnasia.com

  Reported: 2021-03-17

  Luokung announced that it completed the acquisition of 100% of E-Tu-Map's equity, making E-Tu-Map its wholly owned subsidiary. E-Tu-Map will continue to operate as an independent company and retain its independent brand.

• 2020-07-06

  Luokung and Changjiang Yuntong announce strategic partnership[3]箩筐技术与长江云通宣布建立合作伙伴关系prnasia.com

  Reported: 2020-07-06

  Luokung Technology announced a partnership with Changjiang Yuntong Group to cooperate in areas including digital-city construction, smart-city data operations, and smart services for public-sector fields such as transportation and municipal services.

• Unconfirmed

  Tencent launches WeEarth platform[4]腾讯推出“WeEarth超级地球”平台finance.sina.com.cn

  Reported: 2019-12-09

  Tencent, together with Satellogic, Luokung Technology and CASIC Haiying Group, launched the WeEarth platform, which provides satellite observation and related data services.

• Unconfirmed

  Tencent and partners launch WeEarth platform[5]腾讯联合合作方推出“WeEarth超级地球”平台chinaz.com

  Tencent, together with Satellogic, Luokung Technology and Haiying Group, launched the WeEarth platform, which plans to build a 300-satellite Earth-observation network over the coming years and provide remote-sensing services.

• 2019-08-28

  Luokung announced agreement to acquire E-Mapgo[6]箩筐技术宣布收购易图通finance.sina.com.cn

  Reported: 2019-09-24

  Luokung Technology announced that it had signed an agreement to acquire 100% of E-Mapgo Technology’s equity for approximately RMB 836 million, including cash and Luokung ordinary shares. The article states that E-Mapgo would continue to operate independently after completion.

1. 1易图通位列中国高精度地图解决方案市场份额第三prnasia.com
2. 2箩筐技术完成对易图通的收购prnasia.com
3. 3箩筐技术与长江云通宣布建立合作伙伴关系prnasia.com
4. 4腾讯推出“WeEarth超级地球”平台finance.sina.com.cn
5. 5腾讯联合合作方推出“WeEarth超级地球”平台chinaz.com
6. 6箩筐技术宣布收购易图通finance.sina.com.cn
7. 7联合高科技公司，腾讯推出“WeEarth超级地球”tech.sina.com.cn
8. 8箩筐技术完成易图通收购 进一步夯实行业领先优势biz.jrj.com.cn
9. 9腾讯推出“WeEarth超级地球”，组建300颗卫星对地观测网tech.sina.com.cn