One Space is developing smart small launch vehicles for cost-effective launch services for commercial microsatellites around the world.
Chinese space companies drew $69 million of investment in the third quarter of 2018. In 2018, Chinese space companies had $217 million of funding and there was $230 million invested in 2017.
Of the $16.1 billion invested in private space companies and partnerships since 2009, China now represents 3 percent, with about half a billion dollars. However, nearly all of China's investment has come since 2016.
OneSpace has received 800 million RMB in funding (about 120 million dollars).
Other Chinese private launch companies are LandSpace, LinkSpace, ExPace and iSpace. Space News reports that there are at least ten chinese private launch companies.
The U.S. has four functioning small rocket private launch small companies and they are Rocket Lab, Vector, Virgin Orbit and Astra Space.