Benchmarking Google Earth and the proposed 10 billion Geovis Technology Co.Ltd(688568) digital earth project landed in Hefei

Geovis Technology Co.Ltd(688568) ( Geovis Technology Co.Ltd(688568) , SH) “geovis online online digital earth construction project” landed in Hefei, Anhui Province.

On the afternoon of February 28, the “aerospace information and digital earth Innovation Summit” was held in Hefei, Anhui Province. At the meeting, Shao zongyou, vice chairman and President of Geovis Technology Co.Ltd(688568) and chairman of Geovis Technology Co.Ltd(688568) digital earth Hefei Co., Ltd., said that Geovis Technology Co.Ltd(688568) plans to develop domestic online digital earth products benchmarking Google Earth, and the future investment is expected to be about 10 billion yuan.

Since Google Earth withdrew from China, China has left a large number of digital earth market vacuum. In recent years, with the rapid development of cutting-edge technologies such as China’s geographic information technology and space-time big data technology, as well as the continuous solution of relevant technical problems, Chinese enterprises also have the foundation to build an online digital earth.

Shao zongyou said that the goal of its online digital earth products is to realize the online operation of the company’s digital earth products and provide global services and operation capabilities; By the end of 2028, it will have no less than 200 million registered users and become the online digital earth service portal with the largest user scale and the best experience in China.

“There are still a lot of technical problems to build a digital earth, including rendering problems, access performance problems and fusion quality problems. We will overcome these technologies one by one in Hefei.” Shao zongyou said.

In fact, Geovis Technology Co.Ltd(688568) has been preparing for the project for a long time. As early as November 2021, Geovis Technology Co.Ltd(688568) announced that it planned to raise funds for “geovis online online digital earth construction project”. According to the announcement, the total investment of the project is about 1.583 billion yuan, of which 29.06% is for the construction of R & D center and 22.28% is for the R & D of online digital earth. The construction period is expected to be 4 years.

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