Recently, Beijing Xingwang Aerospace Technology Co., Ltd. (hereinafter referred to as “Xingwang Aerospace”) completed an angel round of financing worth tens of millions of RMB.

This round was led by ZGC Capital, a subsidiary of ZGC Group, with participation from Minyin International Holdings Group and Shenzhen Qiongding Tiansuan Investment. The funds raised will be mainly used for the research and development of Xingwang Aerospace’s computing-satellite products.