A Chinese internet technology company unveiled the first satellite in a constellation plan to provide free WiFi service worldwide on Tuesday, following international tech giants into the field.
LinkSure Network, founded in Shanghai in 2013, markets itself as a global innovative mobile internet company specializing in free internet access, content and location-based services on its official website.
According to the company, the satellite will be launched from Jiuquan Satellite Launch Center in Northwest China's Gansu province next year, and by 2020 there will be 10 satellites in space. The constellation will have 272 satellites by 2026.
People could use their mobile phones to search for internet services provided by the constellation and browse the internet, even in regions where telecom networks do not cover.
Wang Jingying, CEO of LinkSure Network, said the company will invest 3 billion yuan (2.7 trillion in value.
Chinese aerospace technologist Huang Zhicheng said space projects were always high-risk and high-investment, they do not see returns for several years and investors should be patient.