国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Technology

Norinco maps out strategy for the future

By Gao Yuan (China Daily) Updated: 2015-09-03 11:30

Norinco maps out strategy for the future

Beidou Satellite Navigation System installed in a car at an expo last year in Yinchuan, capital of Ningxia Hui autonomous region.[Photo/Xinhua]

China North Industries Group Corp, the largest military equipment maker in the country, is navigating its way into the commercial mapping market by taking advantage of defense technologies.

Known as Norinco, the State-owned company set up a 2 billion yuan ($313 million) joint venture last month with e-commerce giant Alibaba Group Holding Ltd to provide a commercial high accuracy location and data analysis service network.

The two companies will each hold a 50 percent stake in the operation known as Qianxun Location Networks Co Ltd.

Miao Qianjun, secretary-general of the Global Navigation Satellite System and Location-based Services Association of China, said Norinco's attempt to expand its customer base through home-grown satellite technology should produce huge profit.

The Norinco-Alibaba joint venture will use location information provided by Beidou Satellite Navigation System, a Chinese-developed guidance satellite service covering the globe. The 35-satellite network was designed for military and civilian use.

"The civilian market of Beidou is getting more mature and is ready to yield profit for investors and customers," Miao said.

China put the first Beidou satellite into space in 2000 and the system started to serve commercial users two years ago.

"While the country is planning to launch more satellites in the coming years, the existing system is on track to generate 400 billion yuan in annual turnover by 2020," Miao said.

Norinco provides the ground-based system for Beidou in areas where the signals fail to reach.

Last year, China's demand for commercial satellite services increased 13 percent compared to the same period in 2013, according to an industry report from Sinolink Securities.

Beidou, along with the Global Positioning System owned by the United States, dominated the market. Before entering the navigation industry, Norinco's major business involved building battle tanks, anti-aircraft missiles and high-explosive bombs for the People's Liberation Army as well as overseas armed forces.

Norinco now aims to attract more commercial companies to Beidou after teaming up with Alibaba. In May, Norinco rolled out a subsidiary in Shanghai to develop civilian products for the satellite company.

Hot Topics

Editor's Picks
...
临桂县| 大城县| 青浦区| 资溪县| 全南县| 河曲县| 萨嘎县| 石台县| 页游| 德令哈市| 南郑县| 滨州市| 和林格尔县| 额尔古纳市| 长武县| 徐汇区| 广南县| 伊金霍洛旗| 凤山市| 全南县| 拉萨市| 抚松县| 南澳县| 车险| 柘荣县| 林芝县| 静乐县| 阳信县| 稻城县| 和平区| 克东县| 安乡县| 镇坪县| 昔阳县| 高青县| 邛崃市| 合水县| 板桥市| 安泽县| 苏尼特右旗| 金门县|