China launched competitor Starlink

China Satellite Network Group, a young Chinese company, is engaged in launching satellites into space at low Earth

orbit (LEO), which will transmit Internet services anywhere in the world.It reports to the Asset Supervision and Management Commission, which overseesThe Chinese government's stakes in state-owned companies.

Other details about the new company so farunknown. It does not have an official website, and the government has not yet provided any information on the company's organizational structure - except that Zhang Dongcheng, the former CEO of the state-owned China Electronics Corporation, has been put in charge of its creation.

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China Satellite Network Group ranked 26thin the official list of 98 state-owned companies in Beijing. They are immediately behind the "big three" telecommunications operators in the country: China Mobile, China Unicom and China Telecom.

The company is also the first state-owned enterprise in China to open its headquarters in Xungang. This territory began to be rebuilt into a futuristic "smart city" four years ago.

“This shows that the state is officiallyhas joined the competition with Starlink, said Lan Tianyi, chief executive officer of Beijing-based space consulting firm Ultimate Blue Nebula. "State-owned enterprises have already done some work in this area in the past, but now the country is considering the plan as a whole."

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