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CICC, Haitong, Shenzhen Capital, Matrix Partners, Others Invest USD376m Pre-IPO Round for Chinese Satellite Developer Chang Guang

CICC Capital, Haitong Innovation, Rosefinch Investments, Matrix Partners China, Shenzhen Capital Group, Estar Capital, Shanda Capital, CAS Star, and startup iFlytek invested a CNY2.46b (approximately USD376m) pre-IPO round for China-based commercial satellite developer Chang Guang Satellite Technology. Existing backers Jilin Province Guidance Fund and Chenrui Tech re-upped. Read more