Chang Guang Satellite Technology (CGSTL), a Chinese private commercial satellite company, completed a RMB250 million (US$36.85 million) angel round of financing in October last year, the company announced yesterday to Jilin Daily. The company has kept the investors in the round undisclosed. Earlier this week, the Jilin-based company successfully launched two commercial remote sensing satellites, […]

Chinese Private Satellite Developer CGSTL Completes Angel Round For Space Race appeared first on China Money Network.