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China's Guoyu Xingchen raises nearly 100 mln yuan in Series A funding

Chinese space robotics startup Guoyu Xingchen has raised nearly 100 million yuan ($14 million) in a Series A round jointly invested by Yijing Capital, Fosun Chuangfu and Luyao Capital, the company said. The proceeds will focus on building space robot clusters and expanding commercialization, as the company seeks to accelerate China’s in-orbit services from technical validation to scaled commercial delivery.

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