The low-orbit satellite developer was valued at more than $700m in a round of undisclosed size that included Legend Capital.

China-based satellite technology producer Galaxy Space has raised an undisclosed amount of funding from investors including Legend Capital, the venture capital firm founded by conglomerate Legend Holdings, PEdaily reported on Monday. The round was led by JIC Technology Investment, a subsidiary of state-owned investment group China Jianyin, and included Shunwei Capital, IDG Capital and Morningside…

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