Yiwei Capital × Beihang Investment | The Forum on the Development and Innovation of the Commercial Space Industry was Successfully Held

On April 10, 2025, the Commercial Space Industry Development and Innovation Forum jointly organized by Yiwei Capital and Beihang Investment was successfully held at Beijing Shouxiang Technology Building. This event delved deep into the current development status and future prospects of the commercial space industry. The event consisted of four sessions: the opening remarks by the organizers, keynote speeches, enterprise roadshows, and a round - table dialogue. Many well - known experts and scholars in the industry, associations, institutions, and startups were invited to the event, and more than a hundred investment institutions participated in the exchange.

Group photo of the on - site participants

01 Opening Remarks by the Organizers

At the beginning, Mr. Zheng Liangxu, the founding partner of Yiwei Capital, and Ms. Zong Zan, the deputy general manager of Beihang Investment, delivered opening remarks for this event.

Zheng Liangxu, Founding Partner of Yiwei Capital

Zheng Liangxu, the founding partner of Yiwei Capital, said in his speech that as a boutique investment bank focusing on the technology track, Yiwei Capital takes "in - depth industry understanding + full - process transaction capabilities" as its core, and has made in - depth layouts in fields such as commercial space, semiconductors, and AI, providing long - term value services for growing enterprises. By jointly organizing this event with Beihang Investment, the company aims to build a better industry - finance docking platform.

Zong Zan, Deputy General Manager of Beihang Investment

Zong Zan, the deputy general manager of Beihang Investment, systematically elaborated on the company's core advantages and investment achievements in her speech. She said that relying on Beihang University, Beihang Investment focuses on advantageous fields such as aerospace technology and advanced manufacturing, invests in scientific entrepreneurs, and deeply explores high - growth projects. Since its establishment, Beihang Investment has driven by both technology investment and science - innovation services, built a science - innovation ecological network covering the whole country, and provided enabling services such as industrial resource docking for startups.

02 Keynote Speeches

In the subsequent keynote speech session, Lan Qinqin, a director of Yiwei Capital, shared the investment and financing trends in the commercial space industry. The certainty of the industry has increased, and more investment institutions have entered the market. The types of institutions are diverse, including vertical institutions focusing on the commercial space track, and the government is also one of the key guiding forces. The investment strategies of investment institutions in the commercial space track are significantly differentiated, but they are all very active in investment. Commercial space will be one of the few historical opportunities in the capital market in the next few years that cannot be missed.

Lan Qinqin, Director of Yiwei Capital

03 Enterprise Roadshows

In the enterprise roadshow session, representatives from companies such as Xingce Future, Lanxing Guangyu, Jitian Xingzhou, Jiusheng Satellite, and Taiyu Xingkong presented their projects respectively. They introduced their respective enterprises from aspects such as market overview, product features, founding teams, and investment highlights, and had in - depth interactive exchanges with on - site investors.

Xingce Future

Leading the Redefinition of Satellite Value

Xingce Future was established in 2020 and is committed to using cutting - edge AI technology to empower the entire aerospace industry chain, including communication, remote sensing, and scientific experiments, as well as other high - end equipment fields in aviation and ground scenarios. The company's core technological advantages include high - reliability edge heterogeneous computing, high - performance algorithms, and software - hardware collaborative optimization capabilities. It provides software - hardware integrated computing power platforms + AI processing solutions for high - timeliness businesses such as national defense and emergency response, as well as intelligent civilian and commercial services.

Lanxing Guangyu

Builder of Space Wireless Optical Network

Officially established in 2021, it is an innovative enterprise focusing on laser communication in the commercial space field. It is mainly engaged in the research, development, sales, production, and services of precision opto - mechanical payloads and components. Its laser communication products are applied in satellite - borne, airborne, and ground fields. In less than four years, the company has completed the research, development, and iteration of four generations of satellite - borne laser communication terminal products and three generations of airborne laser communication terminal products.

Jitian Xingzhou

Pioneer in the Technological Innovation of Optical Payloads

Established in 2021, it is the first commercial aerospace company in China with the main business of providing optical main payloads in batches. It has a complete R & D, design, production, and test support system for aerospace optical remote - sensing payloads and can provide various high, medium, and low - resolution and wide - format optical cameras for the commercial space market. While based on optical payload technology, the company continuously expands upstream and has successfully developed multi - category satellite payloads such as star sensors, high - precision fast - steering mirrors, and high - performance satellite - borne turntables, which are widely used in the commercial space, military, and special fields.

Jiusheng Satellite

Building a Space Information Corridor to Assist in the Construction of the National Digital Silk Road

Jiusheng Satellite is a wholly - owned subsidiary of Fujian Haitian Silk Road Satellite Technology Co., Ltd. It is the leading enterprise in the field of intelligent marine information communication in China and also the industry benchmark for the practical application of high - throughput satellite communication. The company is committed to achieving the deep integration of the GEO (Geostationary Earth Orbit) space backbone network and the MEO (Medium Earth Orbit) bearer network, and building an integrated space - ground communication information network system.

Taiyu Xingkong

Construction and Data Services of Ultra - Low - Orbit and Ultra - High - Resolution Intelligent SAR Remote - Sensing Satellite Constellation

Established in 2021, the company focused on the research of 0.1m high - resolution SAR remote - sensing technology from the very beginning. It has completed the data collection and calibration of 0.1m resolution for airborne SAR and the on - board verification of the satellite - borne AI intelligent computing platform. The company aims at the construction and data services of an ultra - low - orbit and ultra - high - resolution SAR remote - sensing satellite constellation and is committed to building a low - orbit and ultra - low - orbit hybrid constellation (a total of 24 satellites) that is ultra - low - orbit, ultra - high - resolution, intelligent, highly reliable, and low - cost.

04 Round - Table Dialogue

In the round - table forum session, Ms. Lan Qinqin, a director of Yiwei Capital, served as the round - table host. She, together with Ms. Hao Wenyu, the managing director of Guohua Satellite Application Industry Fund, Mr. Qin Guijun, the chief product officer of Lanxing Guangyu, Mr. Wang Jiawei, the co - founder of Lanling Xingtong, and Mr. Cao Dezhi, the co - founder of Xingce Future, focused on three topics: the comparison of the commercial space industries between China and the United States, business models, and investment strategies, and had a heated discussion on the dynamics of the commercial space industry and key points of investment and financing.

From left to right, the round - table guests are: Lan Qinqin, Director of Yiwei Capital; Hao Wenyu, Managing Director of Guohua Satellite Application Industry Fund; Qin Guijun, Chief Product Officer of Lanxing Guangyu; Wang Jiawei, Co - founder of Lanling Xingtong; Cao Dezhi, Co - founder of Xingce Future

Excerpts of Wonderful Views:

Ms. Hao Wenyu: China has achieved leap - forward breakthroughs in major aerospace projects such as manned spaceflight, lunar exploration, and Beidou. However, in the commercial space field, compared with the United States, there are still gaps in industrialization capabilities, capital aggregation, and industrial ecosystem. In the future, state - owned enterprises and private enterprises in China will work together, complement each other's advantages, and enhance global competitiveness by building an open and integrated industrial ecosystem.

Mr. Qin Guijun: Domestic laser communication has achieved cost reduction through "extreme involution", but still needs to catch up with the large - scale deployment capabilities of the United States. Equipment manufacturers can transform into "service - oriented" in the future and increase their voice by formulating industry standards for laser communication protocols, and explore more application market types with the advantages of lightweight and low cost.

Mr. Wang Jiawei: Start - up enterprises should be "small and beautiful", having flexibility and cost advantages in niche markets. They should use their own advantageous technologies to empower the existing market and go global following national strategies such as the "Belt and Road Initiative" to avoid direct competition with large companies.

Mr. Cao Dezhi: China's satellite - borne intelligent computing can flexibly adapt to multi - scenario requirements based on modular design and cooperate with satellite general manufacturers to reduce single - point risks. In the future, by "reducing costs", it can replicate the path of the counter - attack of new energy vehicles.