Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Jack Ma Resigns as President of General Association of Zhejiang Entrepreneurs
Jack Ma Resigns as President of General Association of Zhejiang Entrepreneurs
China’s EV-Makers Race to Secure Orders Before Subsidies End
CATL Sets Up Subsidiary to Take Advantage of China’s Push to Electrify Ships
XPeng Warns of Quarterly Sales Crash as Losses Widen
Meituan Posts Surprise Profit Soon After Tencent Announces Exit
Chipmaker Gets Go Ahead for $1.7 Billion Shanghai IPO
Bosch Opens Shanghai R&D Center to Take On Chinese Heavyweights in Autonomous Driving
TuSimple Tells SEC It Can’t Report Earnings on Time
Top Tencent Investor Naspers Considers Selling Meituan Shares
Chinese EV Startup Cuts Salaries Amid Ballooning Losses, Sources Say
Tencent Wins New Game License After 17-Month Drought
Former TuSimple Chairman Retakes the Wheel After Leadership Reshuffle
Tencent to Give $20 Billion Meituan Stake to Shareholders
In Depth: Rival Ride-Hailing Apps Challenge Didi in World’s Biggest Market
Tesla Cooperating With Investigators After Fatal Runaway Car Crash
China’s 5G Services Need an Upgrade as Popularity Slips, Ericsson Exec Says
Analysis: Will Nvidia’s Custom-Made New Chip for China Work?
COMAC Secures 300 More Orders for Homegrown C919 Jets
China’s Lepu Scientech Makes Muted Hong Kong Debut
AI Startup Xiaoice Raises $138.4 Million in Third-Round Funding
First Private Chinese Company Launches Rocket Into Orbit

By Matthew Walsh / Jul 25, 2019 05:27 PM / Business & Tech

Photo: VCG

Photo: VCG

Interstellar Glory Space Technology has become the first private Chinese space company to successfully launch a rocket into orbit, marking an important milestone in the development of the country’s commercial space industry.

The launch took place at 1 p.m. Beijing time from the state-operated Jiuquan Satellite Launch Center in northwestern China’s Gansu province, according to a company press release.

China’s private space companies have been vying for several months to launch a rocket into orbit, but iSpace has finally succeeded where two of its competitors have faltered. Launches by LandSpace and OneSpace in October and March, respectively, both failed, triggering concern about the health of the country’s private space industry.

“The complete success of this launch has opened a new chapter in China’s private commercial spaceflight,” Interstellar Glory, also known as iSpace, said.

The spacecraft, the Hyperbola-1 carrier rocket, is transporting two satellites belonging respectively to the Beijing Institute of Technology and Casicspace, a company affiliated to the China Aerospace Science and Industry Corp., a state-owned aerospace equipment maker.

At 20 meters long and weighing 34 tons, Hyperbola-1 is capable of transporting a payload of 300 kilograms into low Earth orbit, according to the company’s website.

Zhao Runhua contributed reporting.

Contact reporter Matthew Walsh (

Related: Investors See Stars in China’s Space Startups

Share this article
Open WeChat and scan the QR code