Chapter 153 Satellite! Satellite!



He only described the content and main selling points of these variety shows in detail; the production team still needs to make further improvements.

"Boss, we still have to meet with representatives from CITIC Group, so time is tight..." Liu Yinyin walked up to Zhao Ye and whispered a reminder.

Zhao Ye nodded upon hearing this, and then said to everyone, "Alright, that's enough for now. I have other things to do. Whether ATV can develop depends on everyone."

Zhou Liang Shuyi said with a smile, "Don't worry, boss, we will definitely live up to your expectations!"

Zhao Ye nodded, got up and walked outside.

...

“Boss, CITIC Group is a state-owned enterprise with an extremely powerful background. This time, CITIC Group plans to establish ‘Asia Satellite Company’ with General Electric (GE). Our Wujiang Group is joining temporarily. The representative of CITIC Group said that they need to meet with you first and then discuss whether to allow Wujiang Group to invest in ‘Asia Satellite Company’.” Liu Yinyin introduced in the car.

Zhao Ye nodded and closed his eyes in deep thought.

The previous Asia Satellite Company was also established this year, and subsequently developed into Asia’s leading satellite communications service provider.

Wujiang Group just happened to be acquiring ATV and needed to launch a satellite. Therefore, Zhao Ye considered investing in Asia Satellite Company. On the one hand, he could save on the cost of launching the satellite, and on the other hand, he could enjoy the benefits brought by investing in Asia Satellite Company.

Of course, Zhao Ye also yearned for the stars and the sea.

Elon Musk could create SpaceX, and Zhao Ye could create a similar company. However, the country hasn't yet opened up private spaceflight to the public. Furthermore, the technology isn't mature enough. Therefore, Zhao Ye plans to settle for second best and first infiltrate Asia Satellite Company to familiarize himself with the satellite communications industry.

When the time is right, I will start another aerospace company.

CITIC Group chose to cooperate with GE for two reasons: firstly, it valued GE's advanced aerospace technology, and secondly, it valued GE's influence in the United States.

China's rocket launch capabilities are quite good. One of the purposes of Asia Satellite Company was to seek cooperation between China and the United States, to transport American commercial satellites to China, and then launch the first commercial satellite using China's Long March 3 rocket.

In fact, delegations from the Chinese and American governments have held multiple consultations, hoping that the US government can approve the issuance of licenses for satellites destined for launch in China, thus paving the final way for Chinese rockets to launch foreign satellites.

In its previous chapter, during the 11th Asian Games in 1990, broadcasters from 25 countries and regions broadcast the events on an unprecedented scale via satellite. This was made possible by the successful launch of China's first regional communications satellite dedicated to serving the Asian region on April 7, 1990.

This communications satellite is "AsiaSat 1".

...

Soon, Zhao Ye arrived at the Peninsula Hotel and met with representatives from CITIC Group.

"Mr. Zhao, hello, it's a pleasure to meet you. I am Liao Xinghua, Vice President of CITIC Group. I have long admired you. You are the pride of China!" A middle-aged man stood up and went forward to greet Zhao Ye and his entourage as they entered the hotel private room.

"Mr. Liao, hello. I'm also very happy to meet you. I really don't deserve to be called the pride of China. There are actually many people in the country who are more capable than me, but their contributions haven't been publicized. I still need to continue to work hard." Zhao Ye shook hands with Liao Xinghua and said humbly.

Pride goes before a fall, humility brings benefit.

It's always good to be humble.

"Mr. Zhao, you are too modest. Please have a seat."

"OK."

The two sat down.

Liao Xinghua asked, "Mr. Zhao, what made you decide to invest in Asia Satellite Company?"

Zhao Ye smiled and replied, "I've had a dream of space exploration since I was a child. It's a pity that the space industry in China is not yet open to private individuals. Otherwise, I might have already invested a lot of money to develop rockets or satellites."

This is no joke. When the Soviet Union collapsed, countless aerospace talents were poached by the United States or Europe.

If we had made arrangements earlier and contacted these aerospace talents, we might have been able to poach a number of people.

The Soviet Union's space technology was so advanced, it goes without saying.

Therefore, given the opportunity, Zhao Ye might actually establish an aerospace technology company. He doesn't expect it to achieve much initially; he just wants to accumulate technology first. With government support, it might develop rapidly!

China's space program has long been isolated by the West, and it has to develop on its own in many areas. For example, China applied for the space station multiple times, but others just wouldn't let it play with them, so it had to build one on its own.

There are many similar cases.

China's aerospace market is bigger than we imagined.

However, previously the government had always been the one developing these projects, but if private enterprises can also rise to prominence, there is no reason for the government not to support them.

Upon hearing this, Liao Xinghua couldn't help but smile: "China will open its aerospace industry to the outside world sooner or later, and Mr. Zhao's aerospace dream will have a chance to come true!"

Following that, Liao Xinghua explained to Zhao Ye in great detail the goals and development direction of Asia Satellite Company.

Asia Satellite Communications Co., Ltd. is not a technology company; its essence lies in leveraging its strong connections to do business that is difficult for others to do. It may also have some government mandate involved.

"Mr. Zhao, if you want to invest in Asia Satellite, there won't be much of an obstacle from our CITIC Group side, but we don't know if GE will agree."

“I don’t think GE will stop it either…” Zhao Ye said confidently.

This chapter is not finished yet. Please click on the next page to continue reading the exciting content!

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