Beijing Xinwei Technology Group is a Chinese company involved in wireless communication products and services, including potential activities in the space industry. In 2010, the company partnered with Tsinghua University to develop low-orbit communications satellites. Although a past acquisition attempt of Spacecom, an Israeli satellite operator, was ultimately unsuccessful, Xinwei has expressed ambitions to establish a "network of air and space information" with over thirty satellites. Key areas of activity include communication satellites, wireless communication equipment, and network solutions.
All verified mentions of this organization in source documents.
Beijing Xinwei Technology Group nearly agreed to buy Spacecom in 2016 for around $285,000,000.
The 2016 plan for Beijing Xinwei Technology Group to buy Spacecom collapsed after a SpaceX launchpad explosion destroyed Spacecom’s Amos-6 satellite, even after the offer price fell to around $190,000,000.