One company, Space Transportation, tested on April 22 a design for launching its first stage vertically and then landinf it on a runway.
The joint flight was to test the performance of the dual waverider forebody configuration designed by Xiamen University’s School of Aeronautics and Astronautics, and to verify the rocket recovery and reuse technology, according to Xinhua. The 8.7-meter-long Jiageng-1 has a wingspan of 2.5 meters and part of development of the larger, future Tianxing-I-1 vertical takeoff, horizontal landing reusable launch vehicle.
Beijing-based Space Transportation, founded in August 2018 and also known as Lingkong Tianxing, received backing worth several million U.S. dollars from Source Code Capital earlier this year. [emphasis mine]
The second company, Linkspace, did on April 19th a untethered vertical take off and landing of a small prototype first stage, getting about 130 feet off the ground.
The highlighted words above are intriguing. I did not think it was legal for American investors to invest in Chinese rocket companies.