# Hongqing

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hongqing

- Industry: Aerospace
- Headquarters: Beijing, China
- Website: www.hongqing.tech
- Total disclosed funding: $101M
- Latest round: Series A (Feb 11, 2025)
- Investors on record: 7

## About

Founded in 2017 and based in Beijing, China, Beijing LandSpace Hong Qing Technology Co., Ltd., trading as Hongqing, operates as a satellite networking service company that focuses on low-orbit broadband Internet communication satellite business. It was recognized as the National High-Tech Enterprise. The company has branch offices in Beijing and Xi'an. It has applied for 36 patents, with 2 software copyrights. In July 2026, it raised over CNY 1.3 billion in pre-series B funding.

Hongqing mainly provides mass-produced satellite manufacturing and satellite networking solutions. Its business includes the research and development, design, production and manufacturing of satellites, satellite platforms, core units and subsystems. Its main products are flat-panel satellites, Hall electric propulsion systems, onboard computers, solar panels and other satellite subsystems. The target customer of the company are domestic and foreign constellation operators.

The company generates revenue by providing orbit broadband Internet communication satellite solutions.

The company will use the pre-series B funding for its operations, R&D investment, and team building, further enhancing its core capabilities in satellite networking services.

## Funding rounds

- Series A, Feb 11, 2025, $14M — China Xiongan Group Fund Management
- Series A, Jan 22, 2025, $41M — Kunlun, Baiyun Fund, Guangzhou Radio Group, Jingguo Investment Fund
- Series A, Dec 27, 2024, $47M — Tongyu Communication, Beijing Guorui Investment, Kunlun

## Investors

- Tongyu Communication — Series A
- Beijing Guorui Investment — Series A
- Kunlun (https://capitalatlas.ai/funds/kunlun) — Series A
- Baiyun Fund (https://capitalatlas.ai/funds/baiyun-fund) — Series A
- Guangzhou Radio Group — Series A
- Jingguo Investment Fund — Series A
- China Xiongan Group Fund Management (https://capitalatlas.ai/funds/china-xiongan-group-fund-management) — Series A