The Ministry of Industry and Information Technology (MIIT) has approved Zhejiang Shikong Daoyu Technology Co. to run a two-year commercial trial of satellite IoT services. During the trial the company may pilot satellite IoT operations using the Geely Future Mobility constellation (Phase I) to provide wide‑coverage, low‑power, high‑reliability IoT connectivity. Targeted applications include smart transport, marine fisheries, energy and water management, enabling 24/7 intelligent data collection

2026-08-20

The Ministry of Industry and Information Technology (MIIT) has approved Zhejiang Shikong Daoyu Technology Co. to run a two-year commercial trial of satellite IoT services. During the trial the company may pilot satellite IoT operations using the Geely Future Mobility constellation (Phase I) to provide wide‑coverage, low‑power, high‑reliability IoT connectivity. Targeted applications include smart transport, marine fisheries, energy and water management, enabling 24/7 intelligent data collection and remote interaction.

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On the morning of Aug 20, 2026, the Shenzhen Intermediate People’s Court issued first-instance verdicts in cases against Evergrande Group Co., Ltd., Evergrande Real Estate Group Co., Ltd. and Xu Jiayin. Evergrande Group was fined RMB 8.82 bln following combined convictions; Evergrande Real Estate was fined RMB 7.0 bln. Xu Jiayin was sentenced to life imprisonment, deprived of political rights for life, and ordered to forfeit all personal property; illicit gains will continue to be recovered and