BEIJING: A mysterious Chinese tycoon who plans to dig a $40 billion canal linking the Caribbean and the Pacific is spreading his reach into space with ambitions for a network of satellites, reports said Monday.
Wang Jing, who won a 50-year concession to build and operate the canal from Nicaragua last year, announced that one of his companies launched a test orbiter last month.
The move made Xinwei Telecom Enterprise Group first private firm to invest in China’s tightly controlled and mostly military-run space industry, the Beijing News said.
Wang, in his early 40s, ranked 224th on the Forbes’ world’s billionaires list …read more
Source: Free Malaysia Today
