M&A Deal Summary

Luokung Technology Acquires eMapgo Technologies

On August 28, 2019, Luokung Technology acquired information technology company eMapgo Technologies for 836M CNY

Acquisition Highlights
  • This is Luokung Technology’s 2nd transaction in the Information Technology sector.
  • This is Luokung Technology’s largest (disclosed) transaction.
  • This is Luokung Technology’s 2nd transaction in China.

M&A Deal Summary
Date 2019-08-28
Target eMapgo Technologies
Sector Information Technology
Buyer(s) Luokung Technology
Deal Type Add-on Acquisition
Deal Value 836M CNY

Target

eMapgo Technologies

Beijing, China
eMapgo Technologies (Beijing) Co. Ltd. is one of the major navigation electronic map service providers in China and has obtained Class-A qualification certificates of navigable surveying and mapping, internet map service and geographic information system engineering.

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Buyer(S) 1

Buyer

Luokung Technology

Beijing, China
Category Company
Founded 2009
Sector Information Technology
Employees727
Revenue 94M USD (2022)
DESCRIPTION

Luokung Technology is a provider of rail Wi-Fi and mobile application products for long distance travelers in China. The company's core mobile application product includes Luokuang, an LBS-social contents, and services distribution platform that offers functions based on various travel scenarios, such as information, entertainment, travel, e-commerce, O2O, advertising, etc. Luokung Technology was founded in 2009 and is based in Beijing, China.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 2 of 4
Country (China) 2 of 4
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Beijing Buben Intelligent Technology

Beijing, China

Beijing Buben Intelligent Technology Co., Ltd. is a provider for intelligent content solutions in China. The company's artificial intelligence algorithms and technologies are applied in Chinese semantic analysis, intelligent voice interaction, knowledge graph learning, and personalized contents recommendation.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Beijing Intelligent Technology

Beijing, China

BotBrain AI is a domestic smart content solution provider, dedicated to using artificial intelligence in various application scenarios of content and knowledge. BotBrain is based in Beijing, China.

Buy -
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