Alibaba, NORINCO Partner to Offer GPS Services

  • Our Bureau
  • 04:01 PM, August 20, 2015
  • 3668

E-commerce firm Alibaba and Chinese defense manufacturer China North Industries Corp. (Norinco) will offer Geo-location services to compete with the US GPS network.

Alibaba and China North Industries Corp. (Norinco) have created a CNY 2 billion (US $313 million) joint venture to offer services using Chinese satellite navigation system Beidou, Norinco said in a statement Today. Each company has a 50 percent stake in Shanghai-based Qianxun Weizhi network, which was set up on Tuesday, it said.

Beidou, which began offering both commercial and public services in late 2012, says on its website it has a network of 35 satellites. Its services are centered on the Asia-Pacific region but it is scheduled to provide global coverage by 2020, and it is viewed as a competitor to the global positioning system (GPS) developed by the United States.

"This signifies that China's own Beidou navigation satellite system has taken an important step and revealed a new chapter," Norinco said.

Location-based services can enable companies to offer products or applications to people at targeted places through mobile devices, and Alibaba said the venture would allow it to improve its offerings.

Also Read

China's DF-41 Nuclear Missile Could Become Operational This Year

August 18, 2015 @ 03:43 PM

China Donates Military Equipment To Uganda For Peacekeeping In Somalia

August 13, 2015 @ 09:53 AM

China’s NORINCO Posts $64.4 Billion Revenue, $1.7 Billion Profits In 2014

January 17, 2015 @ 10:41 AM
FEATURES/INTERVIEWS