Aerospace Satellite completes Series D, D+ and D++ financing, raising nearly RMB 2 billion in total

Commercial space in-orbit operation and management service company Aerospace Satellite recently announced the completion of its Series D, D+ and D++ financing rounds, with cumulative funding of nearly RMB 2 billion. Participants include Puhua Capital, Sequoia China, Qianhai Ark, Unicom Strategic Emerging, Zijin Mining, China Insurance Investment, SAIC Motor, and Wuliangye, among others. After completion of the D+ round, the company joined the ranks of unicorns valued at RMB 10 billion.