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On January 14, data from Tianyancha, a business information platform, revealed that Ningbo Commercial Space Development Co., Ltd. has been newly incorporated. The firm's legal representative is identified as Zhu Haibin, and it boasts a substantial registered capital of 1 billion yuan. Its operational scope is quite broad, encompassing civilian space launch technical services, the execution and design of construction projects, microsatellite measurement, operation, and control services, R&D of rocket control systems, scientific research and testing of microsatellites, as well as investment activities and asset management services conducted with its own funds. Regarding its shareholder structure, the company is a joint venture between Ningbo Xiangbao Cooperative Zone Investment and Development Co., Ltd. and Ningbo Development and Investment Group Co., Ltd.
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