China will announce new regulations for the commercial rocket industry. Private companies in commercial rocket space have risen to 100 from 30 in 2018. Space startups are racing to develop and launch low-cost micro-satellites. (link)

Source Code, one of the venture capital funds in China that has backed many of the China tech unicorns, raised more than $500 million for its newest fund. (link)

The U.S. Federal Communications Commission announced the largest auction of spectrum for U.S. telecom…