JiuZhou Cloud Arrow
九州云箭
JiuZhou Cloud Arrow (九州云箭) is a Beijing-based reusable rocket propulsion service provider founded in 2017 by partners including Liu Yang and Ji Fenglai, with FreeS Fund as its angel investor . The company designs, develops, assembles and tests liquid rocket engines and complete propulsion systems, positioning itself as a "State-owned aerospace veteran" serving both commercial and national large-scale rocket programs . Its flagship "Lingyun" liquid oxygen-methane engine was designed from inception for recovery and reuse, featuring deep throttling capability (30-100%) and multiple restart capability . After a decade of development, the company completed its B2 funding round in early 2026, with FreeS Fund noting that its technology and market leadership in recoverable LOX/methane engines has gained preliminary recognition from the market and investment community .
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Coverage
A Mega IPO Launches Tonight, But China's Commercial Space Sector Doesn't Need to Copy SpaceX
Is Commercial Space Really a Good Business?
From Three Consecutive Rounds to a Mega $100M+ Series E: 16 Companies Announce New Funding | FreeS Family Funding News Vol.25
Looking forward to working alongside more outstanding founders.
A Conversation with Liu Yang of Jiuzhou Yunjian: SpaceX, the US-Soviet Space Race, and China's Commercial Space Catch-Up
Reusable Rocket Technology, Chang'e-6, and Space Travel
"Standing High, Seeing Far": The Origins and Future of the Satellite Communications Space Race | FreeS Fund Report 34
How should we think about satellite communications?
Heading Into the Next Spring Amid Winter: 7 Early-Stage Companies Raise Nearly 600 Million RMB | FreeS Family Funding News · Vol 13
Looking forward to working alongside more outstanding founders.
The Rise and Fall of Education, Consumer Bubbles, Carbon Neutrality, Commercial Spaceflight... "Cool" Reflections on Hot Investment Topics | Li Feng Column
Exploring Opportunities Amid "Major Restructuring"
How to Build Your Corporate Brand Strategy from 0 to 1 | FreeS Talk
"Different" beats "better."
FreeS Family Funding News · April | OnKure Therapeutics, IceKredit, Duanyu Liangjin, and Jiuzhou Yunjian Secure Funding
New Column Launch
Helping Fight the Pandemic (Updated), Launching Smart Warehouse Robots… Navigating Through Challenges in 2020 | FreeS Chalkboard · January
Do what's right, not what's easy.
Two joyous gatherings, spotlighted by *People's Daily* commentary, Forbes China's Best Venture Capitalist, and 50+ other awards... The past is prologue; the future holds promise.
Do what's right, not what's easy.
Acquisitions, New Brand Entrepreneurship Courses, and More: 21 Developments and 4 Reflections | FreeS Fund Chalkboard · October
Do what's right, not what's easy.
4th Anniversary, Debut at WAIC... 16 Milestones and 6 Reflections | FreeS Fund Chalkboard · August
Do what's right, not what's easy.
IPOs, Top 50 Best Returns, New Breakthroughs in Rocket Technology... 23 Milestones and 11 Reflections | FreeS Fund Blackboard · July
Do what's right, not what's easy.
FreeS Fund Lands on 36Kr's "Top 10 Dark Horse Funds in China," Hard Tech Bets Earn LP Recognition
Do what's right, not what's easy.
FreeS Fund Wins Three Awards at ChinaVenture's 2018 Annual Rankings
Do what is right, not what is easy.
FreeS Fund Is Hiring Investors | Let's Do What's Right, Not What's Easy
"The Summit" is rising — we're waiting for you!
New Zealand team-building, fundraising, new launches... Go strive, go make mistakes, go fall, go triumph in 2019 | FreeS Fund Chalkboard · January
Do what's right, not what's easy.
SpaceX-like Startup Jiuzhou Yunjian Raises Tens of Millions of RMB in New Funding Round | FreeS Fund Investment News
Chasing the Space Dream
IPO, 7 Insights, 20+ Awards... In 2019, We Continued to "Do What's Right, Not What's Easy" | FreeS Fund Blackboard · December
A new year to stay grounded and keep pushing forward.
FreeS Fund II Completes First Close, New Launches, Awards... 13 Updates and 4 Insights | FreeS Fund Blackboard · September
Stay grounded, keep pushing forward.
Securing Strategic Investment, Rocket Tests, the "Iron Triangle Initiative"... 7 Developments and 3 Insights | FreeS Fund Blackboard · July
Getting it right matters more than making it easy.




















