BEIJING, Sept. 16, 2019 /PRNewswire/ -- Luokung
Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"),
one of the global leading spatial-temporal big-data processing
technology companies, a leading interactive location-based services
company in China, today announced
it has entered into a strategic agreement with People's Daily
Online Technology (Beijing)
Co.,Ltd ("People's Daily Online") on establishing a strategic
technology cooperative relationship. Both parties will promote
in-depth cooperation on jointly development of but not limited to
five fields, including news map and the platform for contents
authors, cooperative operation on contents of trip services related
to high-speed train, brand promotion cooperation, activity
cooperation and talent exchange.
Luokung's full vector non-sliced map technology and its LBS
interactive technology enable users to discover valuable
information contents around them. Meanwhile, Luokung's AI smart
technology can perfectly match contents and locations, and
accurately push according to the algorithm of user portrait, and
with the precise algorithm and map full vector full data exchange
capabilities to meet the user's local contents interaction, thus
the map is no longer limited to a
simple and traditional navigation needs requirement, but to become
a new media portal.
People's Daily Online will leverage its brand, resource and
content advantages in the Internet and new media, and aggregates a
large amount of premium content based on its aggregated
distribution business, which can reach a broader user base through
Luokung's mobile Internet LBS service platform
Based on Luokung's LBS interaction technology, each information
content with local attributes is directly presented on the map, and
Luokung's AI knowledge learning assistant system "BotBrain Zhiyu"
will used to provide users contents base on more precise interest
and demand. Based on the location, users can interact with more
contents on the map to maximize the value of the content and
promote the efficient dissemination of the main thematic
values.
The People's Intelligence Platform is a social creative power
service platform hosted by People's Daily Online and sponsored by
People's Daily Online Technology (Beijing) Co., Ltd. It has launched content
aggregation distribution business cooperation with Communication
University of China, China
Publishing Group Digital Media Co., Ltd., China Animation Group,
Huawei, Xiaomi, OPPO and other enterprises. People's Daily Online
is actively presenting the best quality content and the most
interactive interaction to users through the People's Intelligence
Platform. Luokung intend to make the map a new interactive media,
and the both parties will work closely together to become an
innovative model of media cooperation.
About Luokung Technology Corp.
Luokung Technology Corp. is one of the global leading
spatial-temporal big-data processing technology companies and a
leading interactive location-based services company in China. The core brands of the Company are
"Luokuang" and "SuperEngine". "Luokuang" is a mobile application to
provide B2C services and "SuperEngine" provides B2B and B2G
services in connection with Spatial-Temporal big data. The
Company's mobile application LuoKuang, provides location- based
interaction services for users based on the world's first
non-slicing, full-vector and full-function mobile internet map, it
also provides SDK and API embedded services to LBS mobile internet
developers based on its full-vector and non-slicing mobile internet
map. The Company provides completed DaaS, SaaS and PaaS services in
relation to spatial-temporal big data internet and internet of
things relying on its proprietary patented spatial-temporal cloud
indexing technology, in fields including but not limited to HD Map,
3D Map, Internet Application Map, Satellite Remote Sensing Data and
Real-time trajectory. For more information please go to
http://www.luokung.com.
Business Risks and Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
CONTACT:
The Company:
Mr. Jay Yu
Chief Financial Officer
Tel: +86-10-5327-4727
Email: ir@luokung.com
INVESTOR RELATIONS
PureRock Communications Limited
Email: luokung@pure-rock.com
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SOURCE Luokung Technology Corp.