Leobit Technology Co., Ltd. ("the Company"), registered in Wuhan on December 26, 2017, is a commercial aerospace high-tech enterprise controlled by China Space Sanjiang Group Co., Ltd,and the registered capital is 500 million yuan. The Company's main task is to build and operate China's first "space-based IoT" (Xingyun Project) consisting of 80 low-orbit communication satellites in 2023, positioned as "a space-based IoT information service provider, commercial aerospace industry innovation platform, and satellite new application incubator". Its development vision is "leading the development of satellite application industry and building an internationally renowned aerospace enterprise".
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