Beidou + Chihiro, Alibaba pays to be the "GPS" of the Chinese!

On August 18th, the Chinese position “Chihiro Location Network Co., Ltd.”, which received much attention from all walks of life, was formally established in Yangpu District, Shanghai after being approved by the State Administration for Industry and Commerce. This marks an important step in the application of the Chinese Beidou satellite navigation system.

Qianxun Location Network Co., Ltd. has a registered capital of RMB 2 billion and is jointly funded by China North Industries Group Corporation and Alibaba Group, each holding 50% of the shares. The company uses the concept of "Internet + location (Beidou)" to build a location service cloud platform based on cloud computing and data technology through the integration and construction of a Beidou foundation network to meet the needs of the country, industry and mass market for precise location services. Demand.

China Beidou satellite navigation system is the world's fourth largest satellite navigation system after the US GPS, Russia's GLONASS, and Europe's Galileo. At present, the US GPS monopolizes the civilian positioning system market, which was built in the 1990s and consists of 24 Brock satellites.

The space segment of the Beidou satellite navigation system consists of five geostationary orbit satellites and 30 non-stationary orbit satellites. At present, 16 Beidou navigation satellites have been successfully launched, with positioning, navigation and timing and short message communication services covering the Asia-Pacific region. Around 2020, the Beidou satellite navigation system will cover the whole world.

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