USEUROPEAFRICAASIA 中文双语Français
Home / Business

Space-tech outfit on shopping spree

By Bloomberg in Hong Kong | China Daily | Updated: 2016-09-19 07:38

KuangChi Science Ltd, the Chinese technology company hoping to send tourists into space and develop flying jet-packs, could soon go on a $600 million investment spurt.

KuangChi, whose other projects include the Wearable Spiritual Armour exoskeleton, launched a $300 million fund in May to back startups working on cutting-edge computing, space-faring technology and communications. The fund's outlay may double because of the plethora of suitable companies that have since contacted the Hong Kong-listed company, Founder and Chairman Liu Ruopeng told Bloomberg News.

Liu's also hoping to develop technology to decipher human emotions. Last week, it announced a $3 million investment in Israel's Beyond Verbal Communication Ltd, which specializes in voice analytics software, part of an overall $50 million doled out so far. The company relies on Chinese government grants to bankroll its research into moonshots, as well as bank lines of credit, he said.

Space-tech outfit on shopping spree

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US