China Spatiotemporal Information Group Established
According to TapTechNews on May 30, recently, China Spatiotemporal Information Group Co., Ltd. was established. The legal representative is Liu Xuelin, with a registered capital of 4 billion Chinese yuan. The registered address is in the Starting Zone of Rongcheng County, Xiong'an New Area. The business scope includes satellite navigation services, satellite communication services, big data services, data processing and storage support services, artificial intelligence innovation and entrepreneurship service platform, artificial intelligence public data platform, meteorological observation services, earthquake services, etc.
Shareholder information shows that the company is held by China Satellite Network Group Co., Ltd., China North Industries Group Corporation Limited and China Mobile Communications Group Co., Ltd. with 55%, 25% and 20% shares respectively.
TapTechNews learned from publicly available information that China Satellite Network Group Co., Ltd. (hereinafter referred to as ChinaSatNet) was established in April 2021. It is the only state-owned key backbone enterprise approved by the central government to engage in the design, construction and operation of satellite Internet, and it is also the first central enterprise registered and located in Xiong'an New Area.
ChinaSatNet is committed to building the core force and organization platform for the development of the satellite Internet industry, providing users with advanced, high-quality, safe and economical space network information services, and becoming a world-class satellite Internet company with global competitiveness.
China North Industries Group Corporation Limited is the only enterprise group among various major military industry groups that provides weapons and equipment and technical support services to the Army, Navy, Air Force, Rocket Force, Strategic Support Forces and the People's Police and the armed police.
China Mobile Communications Group Co., Ltd. is also vigorously developing satellite communication in addition to the familiar regular operator business. Its dual-satellite test system is currently conducting in-orbit tests to accelerate the development of satellite-earth technology industry.
