As recreational drone popularity takes off, so has the wealth of DJI founder Frank Wang Tao, whose company is the world’s biggest consumer drone maker. Wang has cracked the Forbes “Richest in Tech” list of the world’s top 100 in the industry, taking the 76th spot with $3.2 billion. SEE ALSO: Drug cartels are now using hulking drones to smuggle goods over the border And at 36, Wang is also Asia’s youngest. The China native founded DJI 11 years ago from his dorm room at the Hong Kong…

The U.S. army just kicked one of the biggest drone makers on the planet out of its barracks, all in the name of security.  The maker of the drones in question: China’s DJI (also known as SZ DJI Technology Co Ltd.) View original article at Mashable

After decades of heavy investment, China is close to possessing one of the most powerful militaries in the world— one that can “secure China’s status as a great power,” according to the latest edition of the US Defense Department’s annual report on China, released this week. In coming years China could reform the world’s largest army into a smaller, swifter and harder-hitting rival to the America’s own army, while also deploying high-tech new warplanes and warships from new air and naval bases on manmade—and potentially illegal—Pacific islands. Meanwhile,…

One of China’s biggest e-commerce operators is planning to build a logistics network with drones at its backbone, as it seeks to further expand its e-commerce business in rural China.  JD.com — the second largest e-commerce company in China after Alibaba — said that it will enter a partnership with civil aviation authorities in Shaanxi, northern China to develop a drone that could hold more than a ton of cargo.  SEE ALSO: Drone owners will now have to register with the government in China The drones are expected…

If you pilot a drone heavier than 250 grams (0.55 pound) in China, you’ll have to register with authorities. That’s due to a new registration policy that aims to address a recent spate of drone intrusions by amateur pilots.  SEE ALSO: China’s police are now shooting down drones with radio-jamming rifles Four drones grounded 60 flights in China, leaving 10,000 passengers stranded in April this year, and nearly 200 intrusions by drones were reported at a Chongqing airport over four hours on May 12. Pilots will have to…