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
...
朝阳区| 萍乡市| 谢通门县| 伊宁县| 潞西市| 舞阳县| 股票| 海丰县| 宜昌市| 唐山市| 从化市| 库伦旗| 保康县| 乌鲁木齐市| 富蕴县| 漳平市| 福泉市| 临西县| 湘潭县| 聂荣县| 红桥区| 舟山市| 永顺县| 炉霍县| 海林市| 微山县| 通城县| 彭州市| 华阴市| 黑龙江省| 来凤县| 兴义市| 镇坪县| 赤城县| 高碑店市| 文昌市| 奉节县| 祁连县| 莎车县| 裕民县| 永宁县|