China's first privately-developed carrier rocket ZQ-1 failed to enter the earth's orbit after it lifted off from Jiuquan Satellite Launch Center in northwest China's Gansu Province on Saturday.
The solid-propellant carrier rocket was developed by Landspace, a private Beijing-based company.
The company in a statement, posted on its official WeChat account, said that something went wrong with the rocket soon after the second stage separation.
It was the company's first attempt to build a rocket.
"We still believe that building rockets is the right strategy for the company. We are the first Chinese private company to build a three-stage carrier rocket. That's already a great achievement," said the statement.
"We will carry on with our dream for the vast space."
However, the company did not give any reasons behind the failure.
The 19-meter-long rocket, with a diameter of 1.35 meters, has a takeoff weight of 27 tons and a thrust of 45 tons.
ZQ-1 rocket mainly aims to carry out commercial launch for small satellites.
The payload for this time was the satellite "Future," built for China Central Television.
