Key facts
- Zhongke Xingyun Intelligent Technology Co. Ltd. began operations in Hefei with registered capital of 1.5 billion yuan ($225 million).
- Sixteen Chinese companies and other founding entities formed the venture to build an orbital computing network using domestic technology.
- The Xingyun constellation plan was jointly developed by the Chinese Academy of Sciences' Aerospace Information Research Institute and Chinese technology companies.
Sixteen Chinese companies and other founding entities have formed a space-computing venture in Hefei to build an orbital computing network using entirely domestic technology, Caixin reported on November 11, 2026.
Zhongke Xingyun Intelligent Technology Co. Ltd. began operations on Monday with registered capital of 1.5 billion yuan ($225 million). Its Xingyun constellation plan was unveiled the same day and was jointly developed by the Chinese Academy of Sciences' Aerospace Information Research Institute and Chinese technology companies.
The report did not name the other founding entities, the number of satellites planned, a launch schedule or the total funding committed. It gave no detail on what computing capacity the network is intended to provide.