Asian Surveying & Mapping
Breaking News
Esri India Achieves 1 Million Users Milestone
Esri India, the leading provider of Geographic Information System...
Bank Negara, Malaysian Space Agency to bolster financial management ecosystem via space technology
KUALA LUMPUR: Bank Negara Malaysia has partnered with the...
Nepal’s president advisor resigns after criticising inclusion of Indian areas in map on new currency
The economic advisor to Nepal’s president on Sunday (May...
TASA to launch six satellites from 2026
The Taiwan Space Agency (TASA) yesterday said it plans...
Japan to provide flood risk maps for four South-East Asian countries – Indonesia, Vietnam, Thailand and Cambodia
JAKARTA/TOKYO: Japan plans to start providing flood risk maps...
Ecolab and ITE partners to harness water management knowledge for Singapore data center engineers
SINGAPORE, 29 APRIL 2024 – Nalco Water, an Ecolab...
NASA releases satellite photos of Dubai and Abu Dhabi before and after record flooding
NASA released photos of parts of Dubai and Abu...
Singapore releases 10-year Geospatial Master Plan
Singapore has launched its new Geospatial Master Plan (2024–33),...
Japan announces plans to launch upgraded observation satellites on new flagship rocket’s 3rd flight
TOKYO (AP) — Japan’s space agency announced Friday a...
Tesla China partners with Baidu for maps to clear FSD hurdle
Amidst Elon Musk’s unannounced trip to Beijing, China this...

December 1st, 2020
IDC releases 2019 China market share report on HD Map, EMG is one of the top players

BEIJING  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 that on November 16, IDC Consulting released a report on the market share of China’s HD Map solutions in 2019. According to the report, since 2019, China’s HD Map market has entered into the year when major players have been seeking larger shares. From the perspective of market share, the HD Map solution market is mainly dominated by the top four domestic map markers, Baidu, NavInfo, AMAP and EMG and holding 29.3%, 21.7%, 17.9% and 14.7%, respectively. Luokung has engaged in a share purchase agreement to acquire 100% of EMG and announced that the two parties are currently in the process of closing the transaction.

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. It provides integrated DaaS, SaaS, and PaaS services for Internet and Internet of Things of Spatial-Temporal big data based on its patented technology. Based on geographic information systems and intelligent Spatial-Temporal big data, it establishes city-level and industry-level digital twin holographic data models to actively serve smart cities, intelligent transportation, smart industry, LBS. 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: [email protected]

INVESTOR RELATIONS
PureRock Communications Limited
Email: [email protected]

SOURCE Luokung Technology Corp.