HongQing Technology completed 340 million yuan in A1 round of financing and plans to launch 10,000 "Honghu-3" satellites

Beijing Landray HongQing Technology Co., Ltd. (hereinafter referred to as HongQing Technology), a satellite company focusing on low-orbit broadband Internet communication satellite business, recently completed a round of A1 financing of 340 million yuan. Guangdong Tongyu Communication Co., Ltd. participated in the financing and invested 30 million yuan. HongQing Technology plans to launch a total of 10,000 satellites named "HONGHU-3" (or "Honghu-3" in Chinese) on 160 orbital planes. At present, HongQing Technology is the only company in China with satellite-rocket synergy capabilities.