Chinese Venture Plans Orbital Computing Network

Detailed summary

The Hefei-based company has 1.5 billion yuan in registered capital and plans to use domestic technology across its satellite computing system ...

Sixteen Chinese companies and other founding entities have formed a space-computing venture in Hefei to develop an orbital computing network using entirely domestic technology.

Zhongke Xingyun Intelligent Technology Co. Ltd. began operations on Monday with registered capital of 1.5 billion yuan ($225 million). Its Xingyun constellation plan, jointly developed by the Chinese Academy of Sciences’ Aerospace Information Research Institute and Chinese technology companies, was unveiled the same day.

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