# Tianqi constellation
Latest news and articles about Tianqi constellation
Total: 2 articles found
Chinese Banks Ride Commercial Space: Satellites Become a New Tool for Loan Monitoring and Disaster Resilience
China Merchants Bank and Shanghai Pudong Development Bank have launched satellites into the Tianqi low‑Earth orbit constellation to bolster loan monitoring, improve disaster resilience and develop new data services. The launches underscore a trend of Chinese banks adopting commercial space assets to enhance risk controls, though regulatory, privacy and technical limits will shape adoption.
Xinghe Power’s Guxin‑2 Rocket Fails on Maiden Flight, Clouding Private Chinese Launch Momentum
Xinghe Power Aerospace's Guxin‑2 rocket suffered a flight anomaly and failed on its maiden launch from Jiuquan on 17 January, even as the company had successfully completed a sea launch of four Tianqi satellites a day earlier. The firm has apologized, launched an investigation and pledged a full ‘‘reset and reflight’’; the incident underscores the technical and commercial risks facing China’s fast‑growing private launch sector.