In this article, the author seems to have mistaken Spacety with another startup LaserFleet when it comes to "offering to provide Wi-Fi service on airplanes", the latter explicitly cliams in their job listings to "have government backing", when a Chinese company says that, you set expectations low, coz they don't aim to be financially viable and usually don't have real advanced technology, maybe not even serious, let alone their grand plans.
The main subject "Spacety", all they did so far is building some concept-proof and experimental cubesats (which seems to be their real and only business model), offers 2 types of cubesat platform to do "space experiments", again, at 100K RMB price point, sounds just like yet another company caters to government policies.
Private space industry is a hot topic right now, with Spacex succeeding, former doubters(which abouds on Chinese Quora) are forced to come up with face-saving me-too policies and projects, personally I doubt any of the existing space startups in China is viable, partly because state enterprise's inherent desire and ability to eliminate competition.
Remember that Chinese guy who cliamed to actually build Nicaragua canal? His company is under stock suspension for 2 years now and no signs of resuming any time soon, that's after a daring news report questioning their glorious Cambodia telecom operation which the company claimed to have a whopping 60%+ net profit ratio and accouts for 90%+ of their revenue. Unsurprisingly, they too claim they have government backing and military ties and is "for the party and country".