Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Trending in China: Shenzhen Thinks Only Children Should Get Paid Leave to Look After Their Parents - Cue Heated Debate
German Drugmaker BI Launches Shanghai Center to Harness Chinese Expertise
Chinese Self-Driving Truck Firm Aims to Cover Most of U.S. by 2024
Trending in China: Chinese Netizens Tell Indian Prime Minister Modi To ‘Shut The Door On The Way Out’ As He Quits Weibo
Trending in China: If You Can’t Beat Them, Join Them – Why Tencent is Laughing At Itself
Meituan Eyes Robot-Enabled Deliveries with $14 Million Investment in PuduTech
India Ban Could Hit TikTok’s Parent Company to the Tune of $6 Billion
Sina Weibo to Issue $750 Million in Bonds
Embattled Leshi Forced to Sell Smart TV, Livestreaming Trademarks and Swiss Cleaning Carmaker Launch Driverless Street Sweeper
Trending in China: How an ‘Old Godmother’ Took on China’s Internet Giant and Won
China’s IT Spending Expected to Hit $297 Billion: IDC
TikTok Moves Data Protection of European Users from U.S. to U.K. and Ireland
Trending in China: Dazed and Confused – China’s Elderly in Online Pandemic World
Alibaba-Owned Taobao Live Sacks Former Operating Head for Corruption
Tesla Supplier CATL Breaks Ground With New Battery Lab
Chinese Online Educator Zuoyebang Receives $750 Million Investment
Didi to Halt Service in Several Japanese Prefectures Citing Impact of Covid-19
Trending in China: ‘Robotaxis’ A Brave New World or Creating More Unemployment?
Lazada Appoints Former Alibaba Executive as New CEO
Bilibili to Launch Satellite for Science Education Content

By Guan Cong and Denise Jia / Jun 03, 2020 06:45 AM / Business & Tech



China’s popular video streaming platform Bilibili plans to launch a remote sensing satellite in late June for the production of science education content, the company said Monday.

Two hours after the Bilibili announcement, its new video satellite account attracted 111,000 subscribers.

The company said the satellite account will stream science education videos based on massive remote sensing videos and pictures captured by the satellite.

The satellite, developed by Chang Guang Satellite Technology Co. Ltd., will join 16 other satellites launched by Chang Guang and will also play a role in emergency response, disaster prevention and urban construction, Bilibili said.

Bilibili didn’t disclose how much it invested in the satellite project. The company said the project is not meant to be a marketing campaign but aims to achieve revenue growth through content production.

Since the start of this year, Bilibili has launched several buzz marketing campaigns to expand awareness beyond its existing youthful user base. In the first quarter, the Nasdaq-listed company’s net loss widened 175% to 539 million yuan ($75.6 million), mainly due to huge increases in sales and marketing expenses. Its monthly active users jumped 70% year-on-year to 172.4 million while the number of monthly paying users more than doubled to 13.4 million.

The Shanghai-based company recently received a $400 million equity investment from Japan’s entertainment giant Sony, expanding the roster of its big financial backers that also include Tencent and Alibaba.

Contact reporter Denise Jia ( and editor Bob Simison (

Share this article
Open WeChat and scan the QR code