BEIJING, March 19, 2019 /PRNewswire/ -- Luokung Technology
Corp. (LKCO) ("Luokung" or the "Company"), one of the global
leading spatial-temporal big-data processing technology companies,
and a leading interactive location-based services company in
China, today announced it had
signed a Service Cooperation Framework Agreement (the "Agreement")
with Shenzhen Ping An Comprehensive Financial Services Co. Ltd.
("Ping An Financial Services"). Pursuant to the Agreement of
establishing resource, information, and technology cooperation,
Luokung will provide its spatial-temporal cloud indexing technology
and the world's leading vector data processing and algorithm
technology to be integrated with Ping An Financial Services'
business operation. On the strength of the full vector, non-tiled,
mobile Internet map, Luokung is able to provide Ping An Financial
Services a stable, flexible, and efficient spatial-temporal cloud
computing platform. Ping An Financial Services will provide Luokung
with Internet financial platform services including online
financial security, settlement and third-party payment.
Luokung and Ping An Financial Services will utilize their
respective resources and capitals, and leverage on Luokung's
expertise in spatial-temporal big data technology. The two parties
will provide leading products and services to domestic and overseas
clients and seek opportunities to expand cooperation in related
business domains. Meanwhile, both parties also have agreed to
establish a regular communication mechanism for the senior
managements to further collaborate and coordinate in strategy and
operations. Both parties will work together to optimize mutual
resources to achieve win-win and synergy.
About Shenzhen Ping An Comprehensive Financial Services Co.
Ltd
Ping An Financial Services is the online platform providing
comprehensive financial services to individual customers and it is
a subsidiary of
Ping An Insurance (Group) Company
of China, Ltd.("Ping An Group"). Ping An Group has been
developing into an integrated and vastly diversified financial
services group including financing, insurance, banking and
investment. It is ranked the 10th in The World's 2,000
Largest Public Companies by Forbes, and ranked the 1st
among global insurance companies. It is also ranked the
29th in US Fortune 500. In accordance to the "finance +
technology" and "financial + ecological" strategy of Ping An Group,
Ping An Financial Services focuses on three major aspects including
services, sales and strategy, its business covers customer service,
customer management, shared services, strategic synergy and product
sales and It has formed six core competencies of intelligent
customer service, value service sales, strategic coordination, data
marketing, lean operation and online migration of group customers.
It is providing comprehensive financial services for 184 million
Ping An individual customer and 65
professional companies.
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, which 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 embedded services to third-party mobile
application providers based on its full-vector and non-slicing
mobile internet map. The Company provides SaaS 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,
Satellite Remote Sensing Data and Real-time trajectory. More
information may be found at: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.
For investor and media inquiries, please 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
View original
content:http://www.prnewswire.com/news-releases/luokung-technology-corp-announces-signing-service-cooperation-framework-agreement-with-ping-an-financial-services-300814691.html
SOURCE Luokung Technology Corp.