CX DAILY

CX Daily: The Battle for Control Over a Billion-Dollar Satellite Firm

Published: Apr. 3, 2025 9:08 a.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

He Yan (Left) and Mo Xiaoyu.

TOP STORIES

Satellite /

In Depth: The battle for control over a billion-dollar satellite firm

What happens when a Chinese company’s founders fall out with their powerful investor?

For the past more than six years, the founding team of Chengdu Corpro Technology Co. Ltd. has been pitted against the company’s biggest investor in a struggle for control of the billion-dollar Chinese satellite-equipment maker.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently