FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Luokung Technology Corp. Affiliate eMagpo Signs Cooperation Agreement with Microsoft”
Luokung Technology Corp. (NASDAQ: LKCO) surged over 25% in premarket trading after the company’s affiliate eMagpo signed a cooperation agreement with Microsoft to launch autonomous driving services for automakers.
EMG will now work with Microsoft to provide auto manufacturers with services including the collection, storage, analysis, management and simulation testing of autonomous driving data to assist automakers in the rapid implementation of autonomous driving technologies in China.
Luokung Technology Corp. is a leading spatial-temporal intelligent big data services company, as well as a leading provider of LBS and HD Maps for various industries in China. Backed by its proprietary technologies and expertise in HD Maps and related intelligent spatial-temporal big data, Luokung established city-level and industry-level holographic spatial-temporal digital twin systems and actively serves industries including autonomous driving, vehicle-road collaboration (V2X), smart transportation, smart travel, local business LBS, new infrastructure, smart cities, and smart industries (emergency, natural resources, environmental protection, water conservancy, energy, smart training, among others).
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