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36Kr/KrASIA

China reusable rocket startup secures $31m in Series A round

Jiangsu DBA plans to follow SpaceX into commercial space

Jiangsu Deep Blue Aerospace Technology is developing reusable liquid-fuel rockets with an eye on launching commercial payloads. (Photo courtesy of the company)

BEIJING -- Chinese rocket startup Jiangsu Deep Blue Aerospace Technology has raised about 200 million yuan ($31 million) from Zhencheng Capital, DT Capital Partners and other investors in a Series A funding round.

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