Establishment of Xiong'an Satellite Internet Innovation Fund, with a total size of 300 million yuan.

The Xiong'an Satellite Internet Technology Innovation Venture Capital Fund has recently officially completed its establishment approval. The fund was jointly initiated by Hebei Province Science and Technology Investment Guidance Fund, Hebei Xiong'an Technology Innovation Venture Capital Fund, Caida Capital Management Co., Ltd., with a total size of 300 million yuan and an initial contribution of 150 million yuan. Among them, the provincial Science and Technology Investment Guidance Fund subscribed 45 million yuan, accounting for 30% of the contribution. The fund focuses on key areas in the upstream and downstream of the satellite internet industry chain, including satellite research and development, manufacturing, communication operation, terminal equipment, application services, and other links.