Big news: Alibaba is partnering with China North Industries Corp to work on a Chinese equivalent of the US' GPS network.
SHANGHAI: Internet giant Alibaba has joined forces with China’s biggest defence company to offer location-based services using a homegrown satellite navigation system that competes with the US GPS network, the firms said.
New York-listed Alibaba and China North Industries Corp (Norinco) have created a 2.0bil yuan (RM1.29bil) joint venture to offer services using Chinese satellite navigation system Beidou, Norinco said in a statement on its website.
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