According to the enterprise research app, recently, Shanghai Yuanxin Satellite Technology Co., Ltd. underwent business changes, adding Hangzhou Ali Venture Capital Co., Ltd. and SAIC Motor Group Financial Management Co., Ltd., a wholly-owned subsidiary of SAIC Motor Group, as shareholders, while the registered capital increased to 2.48 billion yuan. According to public information, Kakinobu Satellite is the exclusive construction and operator of the commercial low-orbit satellite constellation “Thousand Sails Constellation.”

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