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Frank Wang (Wang Tao)

Frank Wang (Wang Tao)

CEO of DJI

Appears in 2 stories

Born: 1980 (age 46 years), Hangzhou, China
Net worth: 5.1 billion USD (2026)
Organization founded: DJI

Stories

DJI races to launch its most advanced drone before US market closes

New Capabilities

Leading DJI's continued innovation and legal challenge to the US ban

DJI controls roughly 77% of the American consumer drone market. On December 22, 2025, the Federal Communications Commission (FCC) blocked all new foreign-made drones from receiving the radio-frequency authorization required for legal US sale. DJI got the Avata 360 — a drone that shoots 8K spherical video while flying at high speed — approved 34 days before the window shut. On March 26, the company launched it globally, creating a product category that did not previously exist: native 360-degree first-person-view flight in a single aircraft.

Updated Mar 26

U.S. blocks new foreign drone models in national security crackdown

Rule Changes

Leading company response to U.S. restrictions

For nearly a decade, Chinese drone manufacturer DJI dominated the American skies. The company held 70 to 90 percent of the U.S. drone market—used by hobbyists, farmers, real estate agents, and 90 percent of first responders with drone programs. On December 23, 2025, that dominance hit a wall: the Federal Communications Commission (FCC) added all foreign-made drones and critical components to its Covered List, blocking any new models from receiving the equipment authorization required for U.S. sale.

Updated Feb 3