[11thEarlOfMar]

One of the categories targeted is companies that will benefit from space-focused enterprises. This includes space companies that improve Internet infrastructure.

E.g. if SpaceX is successful with Starlink, it will increase the total available market for Netflix and Netflix revenue increases. JD and Meituan can access more customers, though it is as likely to be via a China-raised LEO fleet. John Deere from Internet-connected autonomous combines and more precise weather and crop health analysis from space informing them where and how to service the crops.

Seems a little weak-linked to me, and the best I could do to defend this portfolio is that it's taking a super long view. But that is their rationale.

[gvhst]

How many of Meituan's customers are internet constrained. Not many would be my guess...

[justicezyx]

No, China has a very good coverage of 4g infrastructure. Need of satellite is very limited, if any.

Satellite in China is more useful for disaster recovery and as independent technology itself.

[11thEarlOfMar]

A strikingly small % of China's land area has 4G service. It's focused on the high-population areas, but at best, it appears to be 10% of the land area[0]

900 Million of China's 1.4 Billion citizens have Internet access. That leaves 36%, or, 500,000,000 people, more than the population of North America, as an untapped Internet market.

[0] https://www.nperf.com/en/map/CN/-/14505.China-Unicom/signal/...

[1] https://www.statista.com/statistics/795193/china-share-of-mo...

[justicezyx]

LMAO

Another HN China expert poped up...

The first link you provided is from China Unicom, the 3rd player in China, behind China mobile and China telecom, whose revenue in 2019 is 7B+, 9B+, 18B+, strikingly %, of course...

http://www.xinhuanet.com/tech/2020-10/04/c_1126573258.htm The village coverage is 94%+ according Xinhua.

Is Xinhua accurate, of course not. But is it more accurate than some random statistic site? Highly possible...

Your 2nd link is about share of mobile internet users among the all internet users. What's it's relationship to your claim?

[11thEarlOfMar]

No, not a China expert. Just wondering, like other HNers, why ARKX includes these Chinese e-commerce firms and trying to find an explanation. If you know of one that can pass for logical, I'd be glad to hear it.

As far as my own efforts, from the source cited, (which is 'nperf.com' and as far as I can see, not associated with any of the 3 services), You can see the coverage area of each service by selecting their drop downs. I looked at all 3, China Mobile, China Telecom, China Unicom. The maps of the three services show very limited coverage areas for all 3 services, relative to the land area of China. If those maps are inaccurate, perhaps you can point me to one that is accurate.

Thanks for your link. It states that the service is available in most villages, but that does not mean in and of itself that the villagers are using it. The additional information of 900 million Internet users vs. 1.4 billion citizens suggests they are not all using it. To that point, your link indicates you're on target, since the satellites don't deliver directly to the brain and they'll need a device that would put them on 4G anyway.

[justicezyx]

Oh sorry, I was too trigger happy with people claiming facts on China affairs without much backing.

As for your data, I read nperf FAQ, it states they have 350 global servers. I am not sure how good that covers.

And geo coverage vs population coverage, is another important factor, as Chinese people tend to live in much higher density partly because the livable lands are more concentrated, partly because that's a top down design to improve manageability and efficiency.

[nerdponx]

Mechanized agriculture already uses GPS; maybe there is other satellite-based agritech on the horizon.