Luokung Technology Corp. is a China-based spatial-temporal big data company that develops digital map infrastructure and intelligent data services for autonomous vehicles, smart cities, and the Internet of Things (IoT). Trading on the OTC Markets under the ticker symbol LKCOF, the company occupies a niche but strategically significant position in the global race to build the data backbone for tomorrow’s connected world. This overview is intended to give investors, analysts, and business partners a thorough, structured understanding of Luokung’s business model, financial standing, technology portfolio, regulatory environment, and leadership.
At a Glance: Luokung Technology
The table below summarizes the essential facts about Luokung Technology Corp.
| Field | Details |
| Legal Name | Luokung Technology Corp. |
| Chinese Name | 箩筐技术 |
| Ticker Symbol | OTC: LKCOF (formerly LKCO on Nasdaq) |
| Market | OTC Markets (OTC PK tier) |
| Headquarters | Beijing, People’s Republic of China |
| Year Founded / Incorporated | 2009 |
| Sector / Industry | Technology / Spatial-Temporal Big Data |
| Approximate Employees | ~375 |
| Business Model | PaaS, SaaS, DaaS (Platform, Software, Data as a Service) |
| Official Website | luokung.com |
| Regulatory Filing Authority | U.S. Securities and Exchange Commission (SEC) |
What Does Luokung Technology Do?
At its core, Luokung Technology is a spatial-temporal intelligence company. It collects, processes, and delivers vast quantities of location-based, time-stamped data to power applications that depend on understanding the physical world in real time. Think of it as building the nervous system that connects autonomous cars, intelligent city infrastructure, and industrial IoT devices to the digital information they need to function.
Core Business Model: Spatial-Temporal Intelligence
Luokung’s commercial model is structured around three cloud-based service layers that are now standard across enterprise software:
- Platform as a Service (PaaS): Luokung’s cloud infrastructure allows third-party developers and corporate clients to build geospatial applications directly on top of its platform, without needing to construct their own data pipelines or mapping engines from scratch.
- Software as a Service (SaaS): Ready-to-use software applications built on the spatial-temporal data layer, sold on a subscription basis to clients in transportation, logistics, government, and natural resource sectors.
- Data as a Service (DaaS): High-value, processed spatial data — including high-definition maps, trajectory data, and satellite imagery — delivered as a continuous feed or on-demand to enterprise subscribers.
Together, these layers create a stacked revenue model where Luokung can monetize the same underlying data infrastructure at multiple levels of the value chain. The company’s proprietary R&D (emphasized in its Chinese-language materials as 自主研发) is a stated competitive advantage, backed by patents across its key technologies.
Key Technology Platforms & Products
High-Definition Maps (HD Maps) for Autonomous Driving
One of Luokung’s flagship products is its HD Map technology, designed specifically for Level 3 and above autonomous driving systems. Unlike standard navigation maps, HD Maps capture lane-level road geometry, road surface conditions, traffic signs, speed limits, and real-time dynamic obstacles at centimeter-level accuracy. For autonomous vehicles, this data is not optional — it is mission-critical.
Luokung’s HD Maps are updated using data collected from vehicles equipped with LiDAR and camera sensors, satellite imagery, and proprietary spatial-temporal indexing algorithms. The company targets OEM automotive manufacturers, tier-1 suppliers, and autonomous driving technology firms as its primary customers in this segment. The intelligent transportation and automatic drive verticals represent some of the largest long-term addressable markets in the company’s portfolio, given the global momentum behind vehicle automation.
Smart City Solutions & Intelligent IoT
Luokung’s smart city platform integrates spatial-temporal data from multiple urban sources — traffic sensors, utility networks, surveillance infrastructure, and environmental monitors — into a unified operational picture for city administrators. The result is what urban planners often refer to as a “digital twin”: a continuously updated virtual replica of a physical city that allows authorities to model, predict, and respond to real-world conditions in near real time.
On the IoT side, the company’s spatial-temporal indexing technology enables intelligent tracking of connected devices, assets, and personnel across complex urban environments. Use cases span everything from smart logistics and package routing to emergency response coordination and infrastructure maintenance scheduling. Real-time trajectory analysis is a core capability that underpins these applications.
Luokung Cloud Platform (PaaS) & SuperEngine
The SuperEngine is Luokung’s proprietary spatial-temporal data processing and indexing engine — the technological heart of its platform. It is designed to handle large-scale geospatial queries at high speed, enabling applications to retrieve, render, and analyze location data with minimal latency. This is especially important for applications in autonomous driving and smart cities, where delays in data delivery can have safety implications.
Built on top of SuperEngine, Luokung’s cloud PaaS layer exposes a rich set of Software Development Kits (SDKs) and Application Programming Interfaces (APIs) that allow corporate customers and independent developers to build their own applications using Luokung’s data and processing capabilities. This ecosystem approach is a standard growth strategy in enterprise software: it increases platform stickiness, expands the developer community, and creates network effects that are difficult for competitors to replicate.
Industry Verticals Served
Luokung serves a diverse range of industries, reflecting the broad applicability of spatial-temporal data across the modern economy. The company’s documented target verticals include:
- Mobile Internet & Location-Based Services (LBS): Consumer and enterprise mobile applications that depend on precise location awareness.
- Internet Travel & Tourism: Route planning, navigation, and destination data services for travel platforms.
- Intelligent Transportation: Traffic management, fleet optimization, and public transit analytics for government and logistics operators.
- Autonomous / Automatic Driving: HD Map provision and real-time data feeds for self-driving vehicle systems.
- Smart City Infrastructure: Integrated urban operations platforms for government smart city initiatives.
- Intelligent IoT: Spatial tracking and analytics for connected devices, assets, and industrial equipment.
- Natural Resources Exploration: Geospatial data analysis for mining, energy, and land-use planning operations.
- Satellite Imagery & Remote Sensing: Processing and delivery of high-resolution satellite data for mapping, agriculture, and environmental monitoring.
Luokung Technology Stock & Financial Information
Investors researching LKCOF should be aware that the company’s stock trades on the OTC Markets following its exit from the Nasdaq exchange. OTC-traded securities generally carry higher liquidity risk and lower disclosure standards than exchange-listed stocks, and investors should factor this into their due diligence process.
Current Stock Price & Trading Data (LKCOF)
Luokung Technology’s stock trades under the ticker LKCOF on the OTC Markets. Real-time and delayed quotes are available through financial data providers including Yahoo Finance, Bloomberg, OTC Markets Group (otcmarkets.com), and major brokerage platforms. Key data points to monitor include:
| Metric | Where to Find It |
| Current Price / Previous Close | Yahoo Finance, OTC Markets (otcmarkets.com/security/LKCOF) |
| Day’s Range & 52-Week Range | Yahoo Finance ticker page for LKCOF |
| Trading Volume (Average & Daily) | Yahoo Finance, OTC Markets |
| Market Capitalization | Yahoo Finance, Bloomberg |
| Bid / Ask Spread | OTC Markets Group live quote page |
| P/E Ratio & EPS (Diluted) | Yahoo Finance > Statistics tab |
| Beta (Volatility) | Yahoo Finance > Statistics tab |
Note: As of the date of this publication (February 2026), all price and market data for LKCOF should be verified directly with a financial data provider, as OTC stock prices can be highly volatile and may not reflect updated figures in static publications.
Key Financial Metrics & Ratios
The following table summarizes the key financial metrics investors should review when evaluating Luokung Technology. Figures should be sourced from the company’s most recent SEC filings (10-K annual report or 10-Q quarterly report) or a reliable financial data aggregator such as Yahoo Finance or Macrotrends.
| Financial Metric | Description / Where to Find |
| Revenue (TTM) | Total revenue over the trailing twelve months. See income statement in 10-K/10-Q on SEC EDGAR. |
| Net Income / Net Loss (TTM) | Bottom-line profit or loss. Luokung has historically reported net losses; review trend over multiple years. |
| EPS (Diluted) | Earnings per share on a fully diluted basis. Key for per-share valuation models. |
| Total Cash & Short-Term Investments | Liquidity indicator. Critical for assessing going-concern risk in loss-making companies. |
| Total Debt | Outstanding borrowings. Compare against cash position to assess net debt or net cash status. |
| Operating Cash Flow | Cash generated from operations — a purer indicator of business health than net income. |
| Gross Margin | Revenue minus cost of revenue, divided by revenue. Indicates pricing power and efficiency. |
| Enterprise Value (EV) | Market cap plus net debt; used in EV/Revenue or EV/EBITDA valuation multiples. |
| Return on Equity (ROE) | Net income divided by shareholder equity. Negative for companies reporting losses. |
| Institutional Ownership % | Percentage of shares held by institutional investors. Low % is common for OTC micro-cap stocks. |
Investors are strongly advised to review at least three years of financial history to identify trends in revenue growth, cash burn rate, and operating leverage before drawing any investment conclusions.
Annual Reports & SEC Filings
As a company registered with the U.S. Securities and Exchange Commission, Luokung Technology is required to file regular financial disclosures. These are publicly accessible and represent the most authoritative source of financial information about the company. Key filing types include:
- Form 20-F (Annual Report for Foreign Private Issuers): Luokung files a 20-F, not a 10-K, as it is a foreign private issuer. This is the equivalent of an annual report. It contains audited financial statements, risk factors, management discussion & analysis (MD&A), and corporate governance disclosures.
- Form 6-K (Current Reports for Foreign Private Issuers): Equivalent to the 8-K for domestic U.S. companies; filed for material events such as earnings releases, executive changes, or regulatory developments.
- SEC EDGAR Database: All filings are freely accessible at sec.gov/cgi-bin/browse-edgar. Search for “Luokung Technology” or CIK number to access the full filing history.
Investors should pay particular attention to the auditor’s opinion (look for any going-concern qualifications), the risk factors section (which will address China-specific regulatory risks and U.S. investment ban implications), and the liquidity disclosures within the MD&A.
Understanding the Regulatory Landscape for LKCOF
Investing in Luokung Technology requires a clear-eyed understanding of the regulatory risks that have materially impacted the company’s stock performance and market access in recent years. These risks arise from two distinct regulatory environments: the United States and the People’s Republic of China.
The U.S. Investment Ban & Executive Order History
Luokung Technology has been identified under various U.S. executive orders and legislative frameworks as a company with alleged connections to the Chinese military. Specifically, the company was listed under an executive order restricting U.S. persons from investing in securities of companies designated as “Communist Chinese military companies.” These designations, which trace their origin to executive orders issued during the Trump administration and maintained under subsequent administrations, prohibit U.S. investors from purchasing or holding shares of listed companies.
As a consequence of these designations, Luokung’s shares were removed from major indices managed by index providers including FTSE Russell. The stock subsequently transitioned from Nasdaq to the OTC Markets, significantly reducing its institutional investor base and liquidity. The company has contested its designation and sought removal from these lists, though the outcome of such efforts and current listing status should be independently verified with current sources before making any investment decision.
OTC Markets & Delisting Risk
Trading on the OTC Markets, while legal and operationally functional, carries structural disadvantages relative to exchange-listed securities. OTC stocks are not subject to the same listing standards as Nasdaq or NYSE securities, which means lower minimum requirements for financial health, governance, and reporting timeliness. This can complicate due diligence and widen bid-ask spreads, increasing transaction costs for investors.
Investors should monitor the company’s OTC Markets tier designation (Pink Sheets, OTCQB, OTCQX) as an indicator of compliance quality. Companies that fail to maintain current SEC filings may be downgraded to the “Expert Market” tier, which restricts access to retail investors. Any changes in OTC tier should be treated as a material development warranting immediate review.
China-Specific Regulatory Risk
As a Beijing-based technology company, Luokung operates under the jurisdiction of the People’s Republic of China, which has in recent years significantly expanded its regulatory oversight of the technology sector. Relevant regulatory areas include:
- Data Security Law & Personal Information Protection Law (PIPL): Chinese data regulations impose strict requirements on the storage, processing, and cross-border transfer of data — directly relevant to a spatial-temporal data company that handles location and trajectory information.
- Cybersecurity Law: Requires companies operating critical information infrastructure or handling large volumes of personal data to undergo security assessments before transferring data overseas. This could affect Luokung’s ability to share data with international clients or partners.
- PCAOB Audit Access: U.S. regulators have historically struggled to access audit working papers held by Chinese audit firms, creating ongoing uncertainty about the verifiability of financial statements for U.S.-listed Chinese companies.
- Variable Interest Entity (VIE) Structure Risk: Many Chinese companies listed in the U.S. use VIE structures to work around restrictions on foreign ownership. If Luokung uses such structures, investors should carefully review the legal risk disclosures in the 20-F.
Given the complexity of this regulatory environment, investors are strongly encouraged to seek independent legal and financial advice before making any investment decision related to LKCOF.
Leadership & Board of Directors
Effective corporate governance and experienced leadership are critical factors in evaluating any technology company, particularly one operating at the intersection of cutting-edge technology and complex geopolitical risk. While Luokung’s full executive team and board member bios are best sourced directly from the company’s official website (luokung.com) and its most recent 20-F filing with the SEC, investors should seek to understand the following:
Key Questions for Leadership Evaluation
- CEO Background: Does the Chief Executive Officer have a track record in spatial data, mapping technology, or enterprise software? Deep domain expertise in the PaaS/SaaS/DaaS model is a positive signal.
- CTO & R&D Leadership: Given that Luokung’s competitive moat rests on proprietary technology (including the SuperEngine), the strength and stability of the technical leadership team is a material consideration.
- Board Independence: What proportion of the board is composed of independent directors? A majority-independent board is a governance best practice and important for minority shareholder protection.
- Management Stability: Has there been significant executive turnover in recent years? Frequent C-suite changes can be a warning signal for operational instability or strategic uncertainty.
- Shareholding Alignment: Do key executives hold significant equity stakes in the company? Insider ownership above 5-10% generally indicates management confidence in the business.
The most current and legally binding information about Luokung’s board composition, executive compensation, and related-party transactions will be found in the proxy statement or the governance section of the 20-F annual report filed with the SEC. Investors should review these disclosures carefully.
Competitive Landscape & Market Position
Luokung Technology operates in a global market for spatial-temporal data and mapping services that includes both large multinational corporations and well-funded domestic Chinese competitors. Understanding the competitive environment is essential for evaluating the company’s long-term viability and growth potential.
Major Competitors
- HERE Technologies (Global): A leading global provider of mapping and location data services, backed by a consortium of major automakers. HERE’s HD Map technology for autonomous driving is a direct competitor to Luokung’s offering in the autonomous vehicle segment.
- TomTom (Netherlands/Global): Another established Western mapping and navigation data company with HD Map products targeting the autonomous vehicle market.
- Baidu Maps & Apollo (China): Baidu’s mapping division and its Apollo autonomous driving platform are significant domestic competitors in China’s HD Map and smart mobility markets, with substantially greater financial resources.
- AutoNavi (Amap) / Alibaba (China): AutoNavi is one of China’s largest mapping platforms and competes directly with Luokung in location-based services and mobile internet mapping.
- NavInfo (China, listed on Shenzhen Stock Exchange): A specialized Chinese mapping data company focused on automotive navigation and autonomous driving — a very direct competitor.
- Momenta (China): An autonomous driving startup with strong backing and its own HD Map generation technology, primarily competing in the automotive OEM segment.
Luokung’s primary competitive differentiators are its proprietary SuperEngine spatial indexing technology, its PaaS/SaaS/DaaS delivery model, and its established relationships with Chinese government entities for smart city deployments. However, the company faces significant resource constraints compared to most of the above competitors, which have access to larger balance sheets and deeper talent pools. Investors should assess whether Luokung’s technological advantages are sufficient to sustain a defensible niche in this competitive field.
faqs
What is Luokung Technology’s stock ticker symbol?
Luokung Technology Corp. currently trades on the OTC Markets under the ticker symbol LKCOF. The company previously traded on the Nasdaq Capital Market under the symbol LKCO before transitioning to OTC trading following its removal from U.S. stock exchanges related to the executive order designating it as a Chinese military company. Investors outside the United States may see the stock listed under alternative identifiers depending on their brokerage platform.
Where is Luokung Technology stock traded?
LKCOF trades on the OTC Markets (otcmarkets.com), a decentralized electronic marketplace for securities that are not listed on a national stock exchange such as Nasdaq or the New York Stock Exchange (NYSE). The OTC Markets are divided into tiers — OTCQX, OTCQB, and Pink Sheets (OTC PK) — with each tier reflecting different levels of financial disclosure and regulatory compliance. Investors should check the current OTC tier designation for LKCOF before trading.
Why is Luokung Technology (LKCOF) stock price so low?
Several factors contribute to LKCOF’s low stock price. First, the company has been identified under U.S. executive orders as a Chinese military company, which effectively excludes a large proportion of U.S. institutional investors from holding the stock. This restriction dramatically reduces demand and liquidity. Second, the company has historically reported net losses rather than profits, which limits its appeal to value and income investors. Third, OTC-traded micro-cap stocks inherently command lower valuations than exchange-listed peers due to liquidity discounts and the perceived risk associated with OTC trading. Finally, broader geopolitical tensions between the U.S. and China have depressed investor appetite for Chinese technology stocks across the board.
Is Luokung Technology a Chinese company?
Yes. Luokung Technology Corp. is incorporated in the Cayman Islands (as is common for Chinese companies seeking U.S. capital market access) but operates primarily in Beijing, China, with the vast majority of its employees, assets, and revenue based in the People’s Republic of China. It is subject to Chinese law and regulation in its day-to-day operations, which creates China-specific regulatory and political risk that investors must carefully evaluate.
What does Luokung Technology actually do?
Luokung is a spatial-temporal big data company. It builds and operates technology platforms that collect, process, and deliver location-based data — including high-definition maps, real-time vehicle trajectory data, and satellite imagery — to clients in the autonomous driving, smart city, transportation, and IoT industries. Its commercial model is based on cloud services delivered as PaaS (Platform as a Service), SaaS (Software as a Service), and DaaS (Data as a Service), enabling clients to access Luokung’s data infrastructure and tools without building their own.
What is the market cap of Luokung Technology?
Luokung’s market capitalization fluctuates with its stock price and total share count. Given the stock’s low per-share price and history of volatility, market cap should be verified in real time via OTC Markets (otcmarkets.com/security/LKCOF) or Yahoo Finance. Due to the company’s history of dilutive share issuances, investors should also review the fully diluted share count as disclosed in recent SEC filings when calculating market cap for valuation purposes.
Has Luokung Technology been delisted?
Luokung was removed from the Nasdaq Capital Market following its designation under a U.S. executive order restricting investment in companies with alleged ties to the Chinese military. However, this is not a complete delisting — the company continues to trade publicly on the OTC Markets under the symbol LKCOF. It remains an SEC-reporting company, meaning it continues to file regular disclosures with the SEC. The practical effects include reduced liquidity, exclusion from major stock indices, and restricted access for certain categories of investors, particularly U.S. institutional investors.
Where can I find Luokung Technology’s SEC filings?
All of Luokung’s SEC filings are publicly accessible through the SEC’s EDGAR (Electronic Data Gathering, Analysis, and Retrieval) database at sec.gov. Searching for “Luokung Technology” or the company’s CIK (Central Index Key) number on EDGAR will bring up the complete filing history, including 20-F annual reports, 6-K current reports, and any prospectuses or registration statements. Additionally, links to SEC filings are often provided on financial data platforms such as Yahoo Finance and Macrotrends.
Is LKCOF a good investment?
This document does not constitute investment advice. Any investment decision should be made in consultation with a qualified financial advisor who can assess your individual risk tolerance, investment objectives, and financial situation. LKCOF carries significant risk factors including: ongoing net losses, restricted U.S. investor access due to executive order designations, China-specific regulatory risk, OTC market illiquidity, and uncertainty around the audit integrity of Chinese companies listed in the U.S. These risks do not necessarily preclude investment, but they must be weighed carefully against the potential upside of the company’s market position in high-growth sectors such as autonomous driving and smart cities.
Who are Luokung Technology’s main competitors?
In the HD Map and spatial data segment, Luokung competes with HERE Technologies, TomTom, Baidu Apollo, NavInfo, and AutoNavi (Alibaba). In the broader smart city and LBS market, competitors include numerous Chinese and global enterprise software companies. For the most current competitive landscape, investors should review industry research from firms covering the mapping, autonomous driving, and smart city sectors.
Connect with Luokung Technology
Investors and interested parties can access official information about Luokung Technology through the following channels:
- Official Corporate Website: luokung.com — for company announcements, product information, and investor relations materials.
- SEC EDGAR Filings: sec.gov — search “Luokung Technology” for all regulatory filings.
- OTC Markets Quote Page: otcmarkets.com/security/LKCOF — for real-time stock data, news, and OTC compliance status.
- LinkedIn: Search “Luokung Technology” on LinkedIn for the official company page with team and hiring information.
- Yahoo Finance: Search LKCOF on finance.yahoo.com for financial data, historical charts, and news aggregation.
Disclaimer
This article is provided for informational and research purposes only and does not constitute investment advice, a solicitation to buy or sell any security, or a recommendation of any kind. The information contained herein is based on publicly available sources and is believed to be accurate as of the date of publication (February 2026), but no warranty is made as to its completeness or accuracy. Financial data, stock prices, and regulatory status are subject to change and should be independently verified before any investment decision is made. Investing in OTC-traded securities and foreign private issuers carries substantial risk. Readers are strongly encouraged to consult a licensed financial advisor and conduct their own due diligence before making any investment in Luokung Technology Corp. or any other security.
Adrian Cole is a technology researcher and AI content specialist with more than seven years of experience studying automation, machine learning models, and digital innovation. He has worked with multiple tech startups as a consultant, helping them adopt smarter tools and build data-driven systems. Adrian writes simple, clear, and practical explanations of complex tech topics so readers can easily understand the future of AI.
