What Happened
Private Sector Venture Gets Green Light for Commercial Space Trial
China has approved a landmark satellite IoT test for Geely-backed Geespace, marking the first time a private Chinese firm has received such permission. The two-year trial, granted by the Ministry of Industry and Information Technology, aims to provide low-power connectivity across sectors including smart transport and energy. This decision is part of China’s broader efforts to open its satellite communications market to private capital, as reported by the South China Morning Post.