May 01, 2012

DigitalGlobe... Significant Signing With China (Imagery)

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[SatNews] DigitalGlobe (NYSE: DGI) has announced that Tencent has signed a multi-year agreement for the use of DigitalGlobe high-resolution imagery. Under the terms of the agreement, DigitalGlobe will provide Tencent with images of 350 major Chinese cities via DigitalGlobe’s exclusive distributor in China, China Siwei.

Tencent offers its more than 700 million online customers a range of services, including online gaming, social networking and instant messaging. DigitalGlobe’s imagery will first be integrated into Tencent’s online mapping service, enabling Tencent to provide a superior end-user experience, increase its subscription base, and expand the location-based features it can offer its customers. Moving forward, Tencent will have the ability to integrate the imagery across the full range of their social media and entertainment services, including their QQ instant messaging service, which is today one of the most widely used social media applications in China.

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