Yes, there is Tile and Samsung have some system.
As an Android user, I am cynical how good they are. AirTags work well because (in the West) there are so many iPhones and they all act as locators. So there are many many phones out there looking for your bag.
By comparison tile sales must be tiny and the Samsung system requires users to optin, which I don't think many bother to do.
It temps me to move to iPhone next time I change phones!
There are some reports Google are working on a common system for Android, but that's just rumors, no actual facts.