Series B capital increase · Space tech
Yuanxin Satellite raises CNY6.98 billion in Series B
The satellite broadband operator will fund constellation deployment, technology development and commercial expansion.
Yuanxin Satellite completed a CNY6.976 billion Series B capital increase disclosed on August 17, 2026. A consortium coordinated by the National Structural Reform Fund II subscribed the largest portion, alongside investors including Shanghai Alliance Investment and Shanghai SIMIC.
The Shanghai company operates Qianfan, a low-Earth-orbit satellite constellation designed to deliver broadband connectivity. It plans to use the financing for constellation construction, research and development, market expansion and operations.
Use of funds
Build satellite constellation
Develop technology
Expand market and fund operations
Funding history
Series B capital increase · This roundCN¥7B