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Stock impact report

Luokung Technology Corp. announced the cooperation with Yuanliyun on the indoor and outdoor LBS business for high-speed train passengers with China Railway Gecent Technology Co., Ltd

Luokung Technology Corp - Ordinary Shares (LKCO) 
Company Research Source: PR Newswire
BEIJING, Jan. 31, 2019 /PRNewswire/ -- Luokung Technology Corp. (LKCO) ("Luokung" or the "Company"), one of global leading spatial-temporal big-data processing technology company, a leading interactive location-based services company in China, today announced that it has signed a cooperation agreement with Yunaliyun Internet Limited (or "Yuanliyun") to restructure Beijing Yuanli Anda Technology Limited (or "Yuanli Anda"). For the purpose of providing China Railway Gecent Technology Co., Ltd. ("Gecent") with better location-based (LBS) services, Yuanli Anda will be responsible for managing, developing, operating and supporting the indoor and outdoor LBS business covering On-way, destination, and High-speed train station. Yuanliyun is the largest indoor mapping and positioning technology service provider in China. It currently provides indoor navigation, maps and location-based services for over 20,000 public buildings. Its service is expected to cover up to 0.2M public buildings in the Show less Read more
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