What happened: HyperloopTT has signed a deal with Guizhou province to build its first commercial system in China in a joint venture with government-owned Tongren Transportation Tourism Investment Group. The venture will be a public-private partnership in which 50 percent of the funds will come directly from Tongren. The first 10-kilometer track will be built in Guizhou’s city of Tongren.

Why it’s important: HyperloopTT has had an interesting path starting as a US-based crowd collaboration project and then moving on to global expansion. China is the twelfth agreement for the company and the third commercial agreement. China is still investing a lot in its own infrastructure with its eye on expanding further along the Belt and Road. As HyperloopTT’s CEO Dirk Ahlborn noted earlier, the company is hoping to play a bigger role in that.

Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.

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