Lifeboat Foundation

China plans to launch its first e-commerce satellite in 2017, with the primary purpose of using satellite data in agriculture.

The plan was announced on Monday during an international aviation and aerospace forum in Zhuhai, Guangdong Province, by the China Academy of Launch Vehicle Technology, China Aerospace Museum and Juhuasuan, an arm of e-commerce giant Alibaba.

“In an era of space economy, the potential of a commercial space industry is immeasurable,” Han Qingping, president of the Chinarocket Co., Ltd, said at the forum.