China Digest: Commsat snags $38m in Series B round; SAIF backs Data Grand

China Digest: Commsat snags $38m in Series B round; SAIF backs Data Grand

Beijing Commsat Technology Development, a low-track small satellite company, has raised $38 million co-led by AVIC Capital Industrial Investment and Wealth Capital. Meanwhile, Semantic analysis company DataGrand Tech Inc. has secured a similar amount by state-owned Shenzhen Capital Group.

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