Chinese quantum computing developer SpinQ has finalized a RMB 1 billion (~$147 million USD) Series D financing round. This latest transaction brings the Shenzhen-based company’s total capital raised over a six-month window to RMB 2 billion, following a sequence of intensive private funding injections that mirror a broader consolidation trend across China’s domestic quantum computing industrial sector. Backed by a diverse coalition of sovereign, financial, and industrial investment platforms—including CICC Capital, Shenzhen TopoScend Capital, Shanghai Semiconductor Industry Investment, AVIC Honghua, and Shanghai SEARI Private Equity Investment Management—the fresh capital will be directed toward full-stack engineering of fault-tolerant general-purpose quantum computers, upgrading [...]

Superconducting hardware manufacturer IQM Quantum Computers has been designated as a “Major Player” in the IDC MarketScape: Worldwide Quantum Computing 2026 Vendor Assessment. The…

SpinQ has raised RMB 1 billion in Series D funding to accelerate fault-tolerant quantum computing.

Chinese quantum computing developer SpinQ has finalized a RMB 1 billion (~$147 million USD) Series D financing round. This latest transaction brings the Shenzhen-based company’s…

While China’s SpinQ raises $147m, announces establishment of superconducting quantum chip facility in Shenzhen

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