Embodiments of the present disclosure provide a collaborative positioning method and a wireless terminal, includes: generating, by a wireless terminal, positioning request information, where the positioning request information includes a positioning precision parameter; selecting a wireless communications technology according to the positioning precision parameter, where the selected wireless communications technology is a communications manner used by the wireless terminal to perform collaborative positioning; obtaining, by using the selected wireless communications technology, first collaborative positioning information sent by a neighboring terminal, where the first collaborative positioning information includes location information of the neighboring terminal; and calculating, by the wireless terminal, a current location of the wireless terminal according to the location information of the neighboring terminal. The embodiments of the present disclosure resolve a problem that a requirement on hardware of two collaboration parties is relatively strict.