Kuang-Chi Group (; ) is a Chinese company that develops and invests in
metamaterial
A metamaterial (from the Greek word μετά ''meta'', meaning "beyond" or "after", and the Latin word ''materia'', meaning "matter" or "material") is any material engineered to have a property that is not found in naturally occurring materials. ...
,
telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
,
aerospace
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...
,
smart-city,
AI and
digital health
Digital health is a discipline that includes digital care programs, technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and to make medicine more personalized and precise. It uses informatio ...
technologies.
Kuang-Chi was founded in 2010 by five Chinese PhD scholars, led by
Ruopeng Liu
Liu Ruopeng (; is a Chinese entrepreneur who founded the conglomerate Kuang-Chi. He is also a member of the Communist Party of China and a National People's Congress deputy.
Early life
Liu has a bachelor's degree in engineering from Zhejiang Un ...
. Headquartered in
Shenzhen
Shenzhen (; ; ; ), also historically known as Sham Chun, is a major sub-provincial city and one of the special economic zones of China. The city is located on the east bank of the Pearl River estuary on the central coast of southern province ...
, China, it has public and private subsidiaries, research facilities and investments in several countries.
[China’s Kuang-Chi to set up Tel Aviv base, eyes larger firms](_blank)
The Times of Israel. Retrieved June 5, 2017. In 2017, KuangChi Science, the Hong Kong publicly-listed affiliate, was valued at a
market capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders.
Market capitalization is equal to the market price per common share multiplied by t ...
of over US$2 billion and Kuang-Chi Technologies, the Shenzhen-listed affiliate, at a valuation exceeding US$6 billion.
[China’s Kuang-Chi takes first stake in UK tech](_blank)
Financial Times. June 5, 2017.
While Kuang-Chi is not a
state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
, the Chinese government has supported the company's research. In 2012, Kuang-Chi was the first company
Xi Jinping
Xi Jinping ( ; ; ; born 15 June 1953) is a Chinese politician who has served as the general secretary of the Chinese Communist Party (CCP) and chairman of the Central Military Commission (CMC), and thus as the paramount leader of China, s ...
, current
General Secretary of the Chinese Communist Party
The general secretary of the Chinese Communist Party () is the head of the Chinese Communist Party (CCP), the sole ruling party of the People's Republic of China (PRC). Since 1989, the CCP general secretary has been the paramount leader o ...
visited as
party leader
In a governmental system, a party leader acts as the official representative of their political party, either to a legislature or to the electorate. Depending on the country, the individual colloquially referred to as the "leader" of a political ...
.
[习近平考察深圳光启研究院:国家应择天下英才而用](_blank)
Chinanews. Retrieved June 5, 2017. In 2017, Kuang-Chi joined other leading Chinese technology companies such as
Baidu
Baidu, Inc. ( ; , meaning "hundred times") is a Chinese multinational technology company specializing in Internet-related services and products and artificial intelligence (AI), headquartered in Beijing's Haidian District. It is one of the la ...
,
Alibaba
Ali Baba (character), Ali Baba is a character from the folk tale ''Ali Baba and the Forty Thieves''.
Ali Baba or Alibaba may also refer to:
Films
* Ali Baba and the Forty Thieves (1902 film), ''Ali Baba and the Forty Thieves'' (1902 film), a F ...
and
Tencent
Tencent Holdings Ltd. () is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the w ...
in investing nearly US$12 billion into the state-owned
telecommunications
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
company
China Unicom
China United Network Communications Group Co., Ltd. () or China Unicom () (CUniq in short) is a Chinese state-owned telecommunications operator. Started as a wireless paging and GSM mobile operator, it currently provides a range of services in ...
, the start of a government initiative to introduce private-sector expertise and innovation into
China's state owned enterprises.
Kuang-Chi has participated in Chinese government initiatives, including the
Go Out Policy
Go Out policy () is the People's Republic of China's current strategy to encourage its enterprises to invest overseas.
Most nations favour attracting inward foreign investment, and support outward foreign investment only passively. The People ...
of investing in international technology and the
One Belt One Road Program of engaging with countries in the "
Silk Road Economic Belt
The Belt and Road Initiative (BRI, or B&R), formerly known as One Belt One Road ( zh, link=no, 一带一路) or OBOR for short, is a global infrastructure development strategy adopted by the Chinese government in 2013 to invest in nearly 150 ...
". In 2016, Kuang-Chi set up an international fund operating out of Shenzhen and
Tel Aviv, Israel
Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the G ...
. The fund planned to invest up to US$300 million as of 2017.
History
Background
Kuang-Chi was founded by five
PhD students that had recently concluded their studies at
Duke
Duke is a male title either of a monarch ruling over a duchy, or of a member of royalty, or nobility. As rulers, dukes are ranked below emperors, kings, grand princes, grand dukes, and sovereign princes. As royalty or nobility, they are ran ...
and
Oxford University
Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...
: Liu Ruopeng, Lin Luan, Chunlin Ji, Yangyang Zhang, and Zhiya Zhao. They remain the senior executives of Kuang-Chi.
[Behind President Xi's Extended Stay at His Research Institution.](_blank)
ifeng. Retrieved June 5, 2017.[CICC Stock Report: KuangChi Science](_blank)
CICC Stock Research Report. January 6, 2016. Retrieved June 5, 2017. Zhang and Luan are the co-CEOs of KuangChi Science, and Zhao is the CEO of Kuang-Chi Technologies.
Liu was part of a team of researchers at
Duke University
Duke University is a private research university in Durham, North Carolina. Founded by Methodists and Quakers in the present-day city of Trinity in 1838, the school moved to Durham in 1892. In 1924, tobacco and electric power industrialist James ...
that researched
metamaterial
A metamaterial (from the Greek word μετά ''meta'', meaning "beyond" or "after", and the Latin word ''materia'', meaning "matter" or "material") is any material engineered to have a property that is not found in naturally occurring materials. ...
s, developing a device capable of "cloaking" an object from visual light, thus making it invisible. Upon graduation, Liu and his colleagues decided to return to China and launch a high-tech research institute. With support from Shenzhen, the commercial city bordering Hong Kong in mainland China, Kuang-Chi Institute of Advanced Technology was established with the slogan “Future is Now,” in the center of
China's special economic zone.
Kuang-Chi was named after Chinese scientist
Xu Guangqi
Xu Guangqi or Hsü Kuang-ch'i (April 24, 1562– November 8, 1633), also known by his baptismal name Paul, was a Chinese agronomist, astronomer, mathematician, politician, and writer during the Ming dynasty. Xu was a colleague and collaborato ...
(
pinyin
Hanyu Pinyin (), often shortened to just pinyin, is the official romanization system for Standard Mandarin Chinese in China, and to some extent, in Singapore and Malaysia. It is often used to teach Mandarin, normally written in Chinese for ...
: ''Guāng Qǐ)'' from the
Ming Dynasty
The Ming dynasty (), officially the Great Ming, was an Dynasties in Chinese history, imperial dynasty of China, ruling from 1368 to 1644 following the collapse of the Mongol Empire, Mongol-led Yuan dynasty. The Ming dynasty was the last ort ...
, who made important contributions in math, agriculture, astronomy and other scientific fields. The name, which literally means "to enlighten," was chosen as a symbol of the company's commitment to advancing the frontier of science and bridging western and eastern knowledge.
Thanks to the rapid growth of the company and the advanced nature of its technology - particularly in
aerospace
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...
- Kuang-Chi is often compared to
SpaceX
Space Exploration Technologies Corp. (SpaceX) is an American spacecraft manufacturer, launcher, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the stated goal of ...
by media, while
Ruopeng Liu
Liu Ruopeng (; is a Chinese entrepreneur who founded the conglomerate Kuang-Chi. He is also a member of the Communist Party of China and a National People's Congress deputy.
Early life
Liu has a bachelor's degree in engineering from Zhejiang Un ...
is referred to as the "Chinese
Elon Musk
Elon Reeve Musk ( ; born June 28, 1971) is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The Bori ...
."
[The 'Chinese SpaceX' Will Test Space Balloon Flights With Animals This Year](_blank)
Technode. June 6, 2017.
2010–2014
On July 13, 2010, Kuang-Chi Institute of Advanced Technology was officially founded.() A state-level Laboratory of Metamaterial Electromagnetic Modulation Technology was also established at Kuang-Chi, led by Kuang-Chi's chairman
Liu Ruopeng
Liu Ruopeng (; is a Chinese entrepreneur who founded the conglomerate Kuang-Chi. He is also a member of the Communist Party of China and a National People's Congress deputy.
Early life
Liu has a bachelor's degree in engineering from Zhejiang Un ...
and vice chairmen Ji Chunlin and Zhao Zhiya .
Around the same time, Kuang-Chi displayed its Intelligent Photon product series at the China High Tech Fair. The first to try the product was
Wang Yang Wang Yang may refer to:
People
*Wang Yang (politician) (born 1955), Chairman of the National Committee of the Chinese People's Political Consultative Conference
*Wang Yang (Liaoning politician) (born 1957), former provincial official from Liaoni ...
, member of the Political Bureau of the
CCP Central Committee
The Central Committee of the Chinese Communist Party, officially the Central Committee of the Communist Party of China, is a political body that comprises the top leaders of the Chinese Communist Party (CCP). It is currently composed of 205 fu ...
and vice premier of the
State Council State Council may refer to:
Government
* State Council of the Republic of Korea, the national cabinet of South Korea, headed by the President
* State Council of the People's Republic of China, the national cabinet and chief administrative auth ...
. On September 22, 2014, Kuang-Chi's subsidiary KuangChi Science () was first publicly listed on the
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is repor ...
.() The Reorient Group was chaired by Johnson Ko, currently a director of KuangChi Science.
In November 2014, KuangChi Science signed a contract with
Airways New Zealand
Airways New Zealand (Airways Corporation of New Zealand Limited) is the sole Air Traffic Service provider in New Zealand.
The company was created 1987 as a State-Owned Enterprise having formerly being a division of the Ministry of Transport, a ...
to begin work on Traveler, China's first near-space commercial platform. Xi Jinping and New Zealand Prime Minister
John Key
Sir John Phillip Key (born 9 August 1961) is a New Zealand retired politician who served as the 38th prime minister of New Zealand, Prime Minister of New Zealand from 2008 to 2016 and as Leader of the New Zealand National Party from 2006 to ...
attended the signing ceremony. In December, Kuang-Chi launched the Appollo Base in Shenzhen and exhibited the Cloud, a multifunctional aerostat that aims to provide
smart-city solutions. The
Dongguan
Dongguan (; ) is a prefecture-level city in central Guangdong Province, China. An important industrial city in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the s ...
Institute of Advanced Technology was founded the same year to further research in the Cloud.
2015-present
In 2015, Kuang-Chi became the majority shareholder of
Martin Aircraft Co Ltd., an aviation company publicly listed in Australia, and subsequently displayed
Martin Aircraft
The Glenn L. Martin Company—also known as The Martin Company from 1957-1961—was an American aircraft and aerospace manufacturing company founded by aviation pioneer Glenn L. Martin, and operated between 1917-1961. The Martin Company produc ...
's flagship product Martin Jetpack at different exhibitions worldwide. The Jetpack was introduced during the 2015 Future Flight Show in Shenzhen. Later in the same year, Kuang-Chi invested a majority share in
Solar Ship Inc., a Canadian developer of a hybrid airship capable of remote freight transport.
In May 2016, Kuang-Chi launched the GCI Fund & Incubator based in
Tel Aviv
Tel Aviv-Yafo ( he, תֵּל־אָבִיב-יָפוֹ, translit=Tēl-ʾĀvīv-Yāfō ; ar, تَلّ أَبِيب – يَافَا, translit=Tall ʾAbīb-Yāfā, links=no), often referred to as just Tel Aviv, is the most populous city in the G ...
, Israel, planning to invest up to US$300 million in global technology companies.
Kuang-Chi's local partner in Israel is Dorian Barak, the former head of
M&A at
Bank Hapoalim
Bank Hapoalim ( he, בנק הפועלים lit. ''The Workers' Bank'') is one of Israel's largest banks.
History
The bank was established in 1921 by the ''Histadrut'', the Israeli trade union congress (lit. "General Federation of Laborers in the ...
, Israel's largest financial group.
In June 2016, Kuang-Chi expanded its
strategic partnership A strategic partnership (also see strategic alliance) is a relationship between two commercial enterprises, usually formalized by one or more business contracts. A strategic partnership will usually fall short of a legal partnership entity, agency, ...
with Singapore-based HyalRoute Communications Group, one of the largest providers of advanced
telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
infrastructure in the
Asia-Pacific
Asia-Pacific (APAC) is the part of the world near the western Pacific Ocean. The Asia-Pacific region varies in area depending on context, but it generally includes East Asia, Russian Far East, South Asia, Southeast Asia, Australia and Pacific Isla ...
.
Kuang-Chi also established an
ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...
Innovation Headquarter in Singapore, focused on
smart-city solutions.
[KuangChi Science introduces Innovation Headquarters in Singapore](_blank)
CIO Asia. Retrieved June 10, 2017.
Tech Trade Asia. Retrieved June 10, 2017. Within China, Kuang-Chi unveiled the
Luoyang
Luoyang is a city located in the confluence area of Luo River (Henan), Luo River and Yellow River in the west of Henan province. Governed as a prefecture-level city, it borders the provincial capital of Zhengzhou to the east, Pingdingshan to the ...
Institute of Cutting-edge Technology, an innovation center of new materials and hardware design.
Technology
Kuang-Chi technologies cover a range of disciplines, many of which are commercialized as integrated
smart-city solutions.
Metamaterial
Applications of metamaterial technology advanced by Kuang-Chi include
wireless
Wireless communication (or just wireless, when the context allows) is the transfer of information between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer. The most ...
and
space communications.
Visible Light Communication
Intelligent photonic communication is a technology for
financial transaction
A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves a change in the status of the finances of two or more businesses or individuals. A ...
s, identification and
authorization
Authorization or authorisation (see spelling differences) is the function of specifying access rights/privileges to resources, which is related to general information security and computer security, and to access control in particular. More for ...
.
Kuang-Chi's photonic product Photon Pay is designed to replace
credit card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...
s through a new payment solution using
mobile phone
A mobile phone, cellular phone, cell phone, cellphone, handphone, hand phone or pocket phone, sometimes shortened to simply mobile, cell, or just phone, is a portable telephone that can make and receive calls over a radio frequency link whil ...
s. The system generates a unique
visible light
Light or visible light is electromagnetic radiation that can be perceived by the human eye. Visible light is usually defined as having wavelengths in the range of 400–700 nanometres (nm), corresponding to frequencies of 750–420 te ...
that is encoded with each transaction's information and special algorithms to ensure security.
Other applications of Kuang-Chi's photonic technology involve ID recognition, access permission and product authentication.
Telecommunications
Telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
technologies under development by Kuang-Chi include Super-Wifi, Satellite Communications, and
Fiber Optics Communication networks developed by a subsidiary active in
SE Asia
Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical south-eastern region of Asia, consisting of the regions that are situated south of mainland ...
named HyalRoute Communication Group.
HyalRoute has implemented
telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that fe ...
networks covering 25 provincial districts in
Cambodia
Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...
and over 10000 km (6214 miles) of
FOC networks in
Myanmar
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...
, boosting the communication capacity of these countries. In August 2017, Kuang-Chi invested in
China Unicom
China United Network Communications Group Co., Ltd. () or China Unicom () (CUniq in short) is a Chinese state-owned telecommunications operator. Started as a wireless paging and GSM mobile operator, it currently provides a range of services in ...
, reportedly to partner with the major telecommunication company in
big-data
Though used sometimes loosely partly because of a lack of formal definition, the interpretation that seems to best describe Big data is the one associated with large body of information that we could not comprehend when used only in smaller am ...
and the
internet of things
The Internet of things (IoT) describes physical objects (or groups of such objects) with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other comm ...
technologies.
Aerostat
Aerostats
An aerostat (, via French) is a lighter-than-air aircraft that gains its lift through the use of a buoyant gas. Aerostats include unpowered balloons and powered airships. A balloon may be free-flying or tethered. The average density of the cra ...
are large
helium
Helium (from el, ἥλιος, helios, lit=sun) is a chemical element with the symbol He and atomic number 2. It is a colorless, odorless, tasteless, non-toxic, inert, monatomic gas and the first in the noble gas group in the periodic table. ...
-filled balloons used for aerial surveillance and communications. The Cloud is an
aerostat
An aerostat (, via French) is a lighter-than-air aircraft that gains its lift through the use of a buoyant gas. Aerostats include unpowered balloons and powered airships. A balloon may be free-flying or tethered. The average density of the cra ...
designed by Kuang-Chi for civilian use - 48m long and 20m high, the Cloud floats 300m above the ground and can carry a 600 kg payload.
[KuangChi’s Cloud airship completes first commercial flight](_blank)
Aerospace Technology. Retrieved June 6, 2017. It is designed to measure
air-quality, provide
traffic information, facilitate communications and
internet access
Internet access is the ability of individuals and organizations to connect to the Internet using computer terminals, computers, and other devices; and to access services such as email and the World Wide Web. Internet access is sold by Internet ...
, and monitor public safety. Following a test launch in 2015, the Cloud began serving the city of
Dongguan
Dongguan (; ) is a prefecture-level city in central Guangdong Province, China. An important industrial city in the Pearl River Delta, Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the s ...
in
southeastern China
South Central China, South-Central China or Central-South China ( zh, c = 中南, p = Zhōngnán, l = Central-South), is a region of the People's Republic of China defined by State Council that includes the provinces of Guangdong, Hainan, Hen ...
and later the city of
Zunyi
Zunyi () is a prefecture-level city in northern Guizhou province, People's Republic of China, situated between the provincial capital Guiyang to the south and Chongqing to the north, also bordering Sichuan to the northwest. Along with Guiyang an ...
in
southwestern China
Southwest China () is a region in the south of the People's Republic of China.
Geography
Southwest China is a rugged and mountainous region, transitioning between the Tibetan Plateau to the west and the Chinese coastal hills (东南丘陵) and ...
.
Aerospace Technology
Kuang-Chi partners with UK-based Gilo Industries Applied Technology, which designs a range of
aerospace
Aerospace is a term used to collectively refer to the atmosphere and outer space. Aerospace activity is very diverse, with a multitude of commercial, industrial and military applications. Aerospace engineering consists of aeronautics and astrona ...
products, from
rotary engine
The rotary engine is an early type of internal combustion engine, usually designed with an odd number of cylinders per row in a radial configuration. The engine's crankshaft remained stationary in operation, while the entire crankcase and i ...
s to flying vehicles.
Another partner of Kuang-Chi,
Martin Aircraft Co Ltd., develops
Martin Jetpack
The Martin Jetpack was a single-person aircraft under development. Despite its name, it did not use a jet pack as such, but ducted fans for lift. Martin Aircraft Company of New Zealand (not related to Glenn L. Martin Company, the US company als ...
, the world's first commercial
jetpack
A jet pack, rocket belt, or rocket pack is a device worn on the back which uses jets of gas or liquid to propel the wearer through the air. The concept has been present in science fiction for almost a century and became widespread in the 1960s. ...
named by
Time Magazine
''Time'' (stylized in all caps) is an American news magazine based in New York City. For nearly a century, it was published weekly, but starting in March 2020 it transitioned to every other week. It was first published in New York City on Mar ...
as one of the 50 Best Inventions of 2010. The jetpack operates via two air ducts, remains static in confined spaces,
vertically take off and land (VTOL), and carries a payload of 120 kg. Flight tests in
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island count ...
have resulted in a speed of 800 feet per minute and an altitude of 5,000 feet. The jetpack is intended for
search and rescue missions.
Kuang-Chi is also partnering with
Solar Ship Inc., a Canadian company that designs a
hybrid airship
A hybrid airship or plimp is a powered aircraft that obtains some of its lift as a lighter-than-air (LTA) airship and some from aerodynamic lift as a heavier-than-air aerodyne.
A ''dynastat'' is a hybrid airship with fixed wings and/or a lifting ...
for
argo transport. Unlike freight airships under design by Lockheed Martin and Worldwide Aeros Corp">Worldwide Aeros
Worldwide Aeros Corp is an American manufacturer of airships based in Montebello, California. It was founded in 1993 by the current CEO and Chief Engineer, Igor Pasternak, who was born in Soviet Kazakhstan, raised in Soviet Ukraine, and moved to ...
, the Solar Ship vehicle incorporates gas and solar power as well as traditional Bush plane, bush-plane aerodynamics to achieve take-off and landing in extremely limited space.
Unmanned aerial vehicles (UAVs or drones) for use in urban environments are also under development by Kuang-Chi, including the H1, a tethered UAV for monitoring large areas. SkyX Systems Corp., a Kuang-Chi subsidiary based in
and other utilities.
at an altitude of 24,000 meters (80,000 feet). Once operational, passengers in the capsule will be able to see the blackness of space and the curvature of the planet. The Traveler is equipped with solar panes.
In 2015 Kuang-Chi began actively investing in technology companies outside of China, and has since established a Global Community of Innovation (GCI), a platform to integrate external technologies and pursue further investments. The USD300 million GCI Fund is managed by teams in China and Israel, led by Zhi Li and Dorian Barak, Kuang-Chi's local partner in Israel and a member of the board of KuangChi Science.
Foreign investments have enabled Kuang-Chi to establish a global brand in high-technology and integrate Western and Chinese R&D in aerospace, smart city and other areas.
agreements with its partners and advises them on penetration into the Chinese market.
, now led by James West.
capable of heavy cargo transport to remote locations, alongside a network of aerostats and solar-powered hangars.
In 2017, Kuang-Chi invested in Gilo Industries Applied Technology, a UK aerospace company led by Gilo Cardozo and Jim Edmondson that specializes in aeronautical vehicles and
s.
The GCI Fund invested in gesture control company eyeSight Technologies (Gideon Shmuel, CEO),
and UAV company SkyX (Didi Horn, CEO).
, and is the first Chinese company to set up a fund and Business incubator">incubator