Get the latest tech news
China’s GPS rival BeiDou prepares to take off as Beijing moves to strengthen home-grown satellite navigation
Chinese satnav industry hits US$74 billion output, has 20,000 market entities and employs nearly 1 million people: report.
Chinese satnav industry hits US$74 billion output, has 20,000 market entities and employs nearly 1 million people: report During Vladimir Putin’s visit to China last week, Beijing and Moscow vowed to strengthen cooperation applying BeiDou and Russia’s GLONASS system With the gradual recovery of economic development, digital transformation and intelligent upgrades in various industries, the demand for satellite navigation equipment and space-time data also soared last year, the report said. The first BeiDou satellites were launched in 2000, and 20 years later China officially unveiled its third-generation system and started to provide services to its partners in the Belt and Road Initiative, Beijing’s mega infrastructure project for overseas investment.
Or read this on r/technology
