20 August 2019
Yes, China’s NewSpace is growing. But Who is Backing Them? Space industry observers are generally aware that a very significant amount of investment has been pouring into China’s New Space, which consists currently of anything between 50 to 100 companies depending on the definition of “NewSpace”. In 2018 alone, 2.1 billion RMB was invested in space startups. But where is this capital coming from? Which VCs are the backbone of China’s NewSpace investors?
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