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Wednesday, July 9th, 2014

China’s Beidou System Gets a Commercial Partner in Alibaba

Many reports in the Chinese media have indicated that Alibaba, China’s largest e-commerce site that is on an investment spree, will team with State-owned China North Industries Group to promote the commercial uses of the Beidou navigation system. The investment has been reported at 1 billion yuan ($160 million) according to Dazhihui News Agency.