China's Taobao working with startup on deliveries by reusable rocket
© Reuters. FILE PHOTO: The logo of Alibaba's e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. REUTERS/Florence Lo/Illustration)'s online shopping platform Taobao to make reusable rockets for express deliveries that could arrive globally in an hour, Space Epoch announced on Sunday.
The company will carry out rocket delivery tests in the near future, noting that achieving its goals will not be easy in the short term. Last year saw 17 Chinese commercial launches with one failure, among a new record 67 orbital launches by China. That was up from 10 commercial launches in 2022, including two failures.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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