A rocket developed by OneSpace has failed to reach orbit after lifting off from a state launch facility in northwestern China, state media reported Thursday, the second failed orbital launch by a privately funded Chinese firm in five months.

An anomaly occurred within "tens of seconds" after OneSpace's OS-M1 rocket blasted off from the Jiuquan Satellite Launch Center on Wednesday, the official Technology Daily reported, declaring that the launch had failed.

OneSpace's rocket was carrying the Lingque-1B Earth-observing satellite, developed by Beijing-based ZeroG Lab. The satellite maker, partly funded by Shenzhen-listed Huaxun Fangzhou Co. has plans to build a network of remote sensing satellites.