A method and apparatus for cooperative positioning is disclosed herein. A method for cooperative positioning performed by a target device includes: scanning a beacon signal transmitted by at least one peripheral device; determining whether at least one peripheral device exist within a reference radius based on the beacon signal; when the at least one peripheral device is within the reference radius, transmitting a cooperative positioning request to the at least one peripheral device; receiving, in response to transmitting the cooperative positioning request, location of the at least one peripheral device and a degree of reliability for the location of the at least one peripheral device; and determining a location of the target device based on the location and the degree of reliability.