Insider Brief
Bose Quantum completed a pre-IPO financing round worth several hundred million yuan, according to Binance citing Jiemian News.
The Shanghai Stock Exchange’s draft STAR Market rules added “quantum” as a sub-industry category for IPO classification.
Bose Quantum says it is developing both fault-tolerant universal quantum computers and scalable dedicated quantum computers.
Beijing-based Bose Quantum has completed a pre-IPO financing round worth several hundred million yuan, which would be tens of millions of U.S. dollars. If confirmed, the move potentially positions the company to become China’s second quantum computing company to begin an IPO process after Origin Quantum, according to a report published by Binance, citing Jiemian News.
