On August 5th, 2065438, "Chihiro Location Network Co., Ltd." was formally established in Yangpu District after its name was approved by the State Administration for Industry and Commerce, which marked an important step in the application of China Beidou satellite navigation system.
Chihiro Positioning Network Co., Ltd. has a registered capital of RMB 2 billion, which was established by China Ordnance Industry Corporation and Alibaba Group, each holding 50% equity.