Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.


China-headquartered space rocket developer Galactic Energy closed $200m in funding yesterday from investors including construction firm Anhui Jiangnan Construction Investment Group across series B and B-plus rounds. The rounds were led by Oriental Fortune Capital and Huaqiang Capital respectively and also featured New Potential Energy Fund, Essential Capital, Yunding Capital and Zhongtian Fortune Fund Asset Management.

Internet and gaming group Tencent invested over $50m to lead a $100m financing round for China-based off-road vehicle developer Rox Motor in late…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.