Ltd., an investment vehicle 14.1 percent by Shenzhen Hao Chuang, a diversified industrial conglomerate and 5.6 percent by Mr.
The regional Shenzhen government on July 25 said it had signed an agreement with CASC and APT to incorporate the new venture within its borders.ĬASC produced a graphic showing a system with three satellites, each with multiple spot beams over China and the western Pacific Ocean Africa, the Middle East and southern Europe and Latin America.Ĭalled APT Mobile Satcom Ltd., the company is 42.3 percent owned by APT 23.9 percent by Beijing Shipping, a subsidiary of China Transport Telecommunication Information Center, which manages China’s maritime sector 14.1 percent by Guo Xin (Shenzhen), a subsidiary of China Guoxin Trading Co. Included in this is $118.8 million for APT’s 57.47 percent share of Apstar-5C, in partnership with Telesat.ĬASC is a majority owner of APT. Apstar has said its total capital expenditure for the two programs is $313.7 million. (CASC), which will carry a C-/Ku-Ka-band payload and operate from 134 degrees east.Īpstar-5C and Apstar-6C are both scheduled for launch in early 2018. It has two satellites, both with HTS capacity, on order: the Apstar 5C, co-owned with Telesat of Canada and under construction by Space Systems/Loral, to replace the Apstar-5 satellite at 138 degrees east and the Apstar-6C, under construction by China Aerospace Science and Technology Corp. Popular video platforms, like us, will all have great opportunities.APT has four satellites in orbit at four orbital slots over Asia. "The market will be in ultra-high-speed growth for the next several years. Videos "will be a major trend for the internet industry over the next three to five years," Chen told Bloomberg.
"Nobody will remember whether your stock went up or down on the debut in 10 years' time."Ĭhen has been seen as the real driver of Bilibili's success in recent years, persuading Chinese tech rivals Tencent and Alibaba to come on board as early investors as well as Sony. "We wouldn't care too much about short-term performance in the stock market," the 43-year-old billionaire told Bloomberg Television in what the network said was his first interview with international media. Often dubbed "China's YouTube", it allows users to upload and share videos with voiceovers and music added and hosts a significant amount of user generated content.įounded in 2009 by a then 20-year-old college student Xu Yi, it began primarily as a place for fans of gaming and anime to gather and share content but has since spread among Gen Z Chinese users.īilibili chief executive Chen Rui played down short term market price drops, billing his company as a website primed to tap into China's nearly one billion internet users. It is a fast growing video streaming site with around 200 million mostly young Chinese users.
Last week American regulators announced plans to force Chinese firms to adhere more strictly to its auditing rules, sparking concerns over potential delistings in the US and a global sell-off in Chinese tech shares. US-China tensions remain at the forefront of investor jitters. The Chinese tech homecomings have continued into 2021 but with less investor enthusiasm.Ī Hong Kong debut by Chinese search engine Baidu last week raised $3.1 billion through its IPO but its shares finished flat on the opening day and have since sunk some 15 percent.
Last year Hong Kong raked in an impressive $49 billion in IPOs with hugely popular second listings by the likes of JD.com and NetEase. Over the past 18 months Hong Kong has seen a flurry of Chinese tech firms hold initial public offerings in the city, part of a drive to list closer to home as relations between Beijing and Washington sour. Bilibili's opening price fell just over 6 percent in early trade after the firm raised around $2.6 billion in a secondary listing on Hong Kong's bourse.