Alibaba Quantum

Alibaba Quantum is the quantum computing research division of Alibaba Group established in 2015 that develops quantum computing technologies, quantum cloud services, and quantum algorithms for practical applications, operating quantum simulators and providing quantum computing access through Alibaba Cloud while conducting fundamental research in quantum information science, quantum algorithms, and quantum hardware development to advance China’s quantum computing capabilities and integrate quantum technologies into Alibaba’s cloud and AI services ecosystem.

Baidu Quantum

Baidu Quantum is the quantum computing division of Chinese tech giant Baidu established in 2018 that develops quantum computing platforms, quantum cloud services, and quantum algorithms while conducting fundamental research in quantum information science, providing quantum computing access through cloud platforms and developing quantum software tools and simulators to advance China’s quantum computing capabilities and integrate quantum technologies into Baidu’s AI and cloud services ecosystem for practical applications.

HYQ Bit

HYQ Bit develops trapped ion quantum computers using precision-controlled ion trapping technology to create high-fidelity quantum systems for research and commercial applications, contributing to China’s growing quantum computing ecosystem with focus on scalable ion trap architectures for quantum simulation and optimization applications.

Company Information

• Founded: 2020
• Country: China
• Website: https://hyqbit.com
• Categories: quantum processors

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Origin Quantum

Origin Quantum stands as China’s first quantum computer company, developing superconducting quantum processors and quantum cloud services while offering comprehensive quantum solutions including quantum software development tools, quantum education programs, and consulting services to advance China’s quantum computing capabilities across research institutions and commercial applications.

Company Information

• Founded: 2017
• Country: China
• Website: https://originqc.com
• Categories: quantum processors

Key People

Guo Guoping (Founder), Kong Weicheng (CEO)

Investment Information

• Status: private
• Total Raised: $1500M
• Last Valuation: $3.2B

Recent Funding Rounds

• 2024-09-12: series-c - $800M - Series C funding led by China Investment Corporation
• 2022-12-08: series-b - $400M - Series B funding round
• 2020-03-15: series-a - $300M - Series A funding round

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Qasky Quantum Technology

Qasky Quantum Technology is a Chinese quantum communication company specializing in quantum key distribution systems, quantum secure communication networks, and quantum cryptography solutions for enterprise and government applications. The company develops quantum communication infrastructure including quantum key distribution hardware, quantum network management software, and secure quantum communication protocols for building quantum-safe communication networks across China. Qasky collaborates with Chinese telecommunications companies and government agencies to deploy quantum communication networks for national security applications, contributing to China’s national quantum communication infrastructure development and advancing practical quantum cryptography implementations for securing sensitive data transmission across various sectors including finance, healthcare, and government communications.

Qboson

Qboson is a Beijing-based quantum computing startup that secured angel financing to build quantum computers and establish quantum computing laboratories in China. The company focuses on developing quantum computing hardware and research capabilities, contributing to China’s national quantum technology initiatives and advancing quantum computing research and development. Qboson works on quantum processor development, quantum system integration, and quantum computing research applications for academic and commercial applications. The company collaborates with Chinese universities and research institutions to advance quantum computing capabilities and develop practical quantum computing systems for various applications including optimization, simulation, and quantum algorithm research.

QuantumCTek

QuantumCTek is a Chinese quantum communication technology company founded in 2009 as a spinout from University of Science and Technology of China by prominent scientists including Pan Jianwei (China’s ‘father of quantum’) and Guo Guangcan, becoming China’s first publicly traded quantum technology company on Shanghai Stock Exchange Science and Technology Innovation Board (Stock Code 688027) in 2020, developing QKD systems deployed across China’s 46-node Hefei quantum network and Beijing-Shanghai Quantum Communication Backbone, expanding into quantum computing with receipt of a 504-qubit ‘Xiaohong’ superconducting chip in 2024, serving government agencies, financial institutions, and energy companies with quantum-secure communication solutions as part of China’s national quantum strategy.

SpinQ

SpinQ develops desktop quantum computers using nuclear magnetic resonance (NMR) technology to create compact, room-temperature quantum systems for educational and research purposes, making quantum computing accessible to universities and research institutions with portable systems that demonstrate quantum algorithms and quantum physics principles without requiring complex cryogenic infrastructure.

Company Information

• Founded: 2018
• Country: China
• Website: https://spinq.com
• Categories: quantum processors

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TuringQ

TuringQ is China’s first optical quantum computing company established in 2021 by Professor Jin Xianmin from Shanghai Jiaotong University, specializing in photonic quantum processors using lithium niobate on insulator (LNOI) photonic chips and femtosecond laser direct writing technology, with products including the TuringQ Gen 1 fully integrated optical quantum computer and FeynmanPAQS quantum simulation software, having completed 500 million yuan ($79 million) in funding and established China’s first photonic chip pilot line in Wuxi for applications in financial technology, biomedicine, and artificial intelligence.