Asian Surveying & Mapping
Breaking News
AMH Philippines and Synspective sign MoU for Strategic Alliance to use SAR Data for Geohazard Mitigation Projects in the Philippines
AMH Philippines, Inc. and Synspective have signed a Memorandum...
Australian spacetech companies partner to deliver the world’s first on-demand satellite imaging platform.
Over the course of several decades, satellite imagery has...
Singapore boosts geospatial property collaboration
The Singapore Land Authority (SLA) has signed memoranda of...
Esri India partners with AGNIi (Invest India) to roll-out ‘GeoInnovation’
Empowering start-ups to build location Intelligence and facilitate wider...
‘ISRO gearing up for multiple space missions in 2022’
After a rather muted 2021 in terms of satellite...
Australian company develops system for real time mapping of wildfires
At Wildfire Today we have often advocated for what...
Israel awards nearly $6 million in grants to space tech startups
From growing super-vegetables in space to taking high-resolution images...
Modi Govt’s ‘Urban Geospatial Data Stories Challenge’ To Promote Innovation Begins
The Union Housing and Urban Affairs Ministry said that...
Ethiopian Government to Merge the Ethiopian Space Science and Technology Institute and Ethiopian Geospatial Information Institute
In November 2021, the Ethiopian House of People’s Representatives...
Iran Slaps Down US ‘Concerns’ Over Space Programme After Satellite Launch
Iran launched a rocket carrying three satellites into space...
beidou

Alibaba has been spending a great deal on acquisitions, with $5 billion in investments since the start of this year. The emerging conglomerate is set for an IPO offering next month, so they haven’t commented publicly about this latest move, given that they’re in a quiet period. Sources have even commented that a future additional investment in Beidou is slated, with 10 billion yuan slated.

The move is aimed at the location-based services market where they already deliver apps to the public, including indoor positioning capabilities that are said to be a Beidou advantage.

With the central government aiming to have Beidou as the satellite navigation system of choice for 60 percent of the country by 202, this civilian application and investment is helpful toward that goal

Sources: ECNS, China Daily