The Shanghai operator is drawing interest from state-backed investors as it races to build its Qianfan megaconstellation and challenge Starlink

The Shanghai operator is drawing interest from state-backed investors as it races to build its Qianfan megaconstellation and challenge Starlink

The company has just a few hundred satellites in low Earth orbit but has state backing and is already reportedly negotiating with dozens of countries

Venture capital and private equity investments in China totaled $91.6 billion in the first five months of this year, jumping nearly 60 percent from a year earlier, according to…