In a significant development for China’s technology landscape, the quantum sector is experiencing a surge in investment, with SpinQ Technology recently completing a CNY 600 million ($87 million) Series C+ funding round on April 3, 2026. This follows QBoson’s successful closure of a CNY 1 billion ($145 million) Series B funding round just days earlier, marking a pivotal moment for the industry.
As of mid-March 2026, the domestic quantum computing sector has recorded 150 financing events totaling CNY 11.2 billion, indicating a robust growth trajectory. This shift comes as China’s government has invested approximately $15 billion into quantum technology, underscoring its status as a top priority in the country’s 15th Five-Year Plan.
Historically, funding rounds for Chinese quantum companies were modest, typically ranging from $1-16 million prior to 2022. The recent influx of capital reflects a broader trend of increasing private investment in the sector, as companies like SpinQ report an impressive 80% year-over-year order growth in Q1 2026.
However, the landscape has not been without challenges. Major players such as Alibaba and Baidu have scaled back their quantum research efforts, with Alibaba shutting down its DAMO Academy quantum lab in November 2023 and Baidu exiting the field entirely in January 2024.
Despite these setbacks, the momentum in funding is undeniable. QBoson, which opened China’s first large-scale photonic quantum computer factory in Shenzhen in November 2025, is at the forefront of this investment wave. Meanwhile, Origin Quantum is preparing for an IPO on the Shanghai STAR Market, further signaling confidence in the sector’s future.
The National Venture Guidance Fund has allocated CNY 121.8 billion to support quantum technology, indicating a strong commitment to commercialization and manufacturing subsidies as outlined in the government’s strategic plan.
As the quantum sector evolves, reactions from industry leaders and government officials are crucial. Xi Jinping recently emphasized the importance of a diversified energy system, which may parallel the strategic direction for quantum technology as a key component of China’s future economic development.
With the quantum sector poised for further growth, the focus will remain on how these investments translate into tangible advancements and whether the industry can sustain this momentum in the face of previous setbacks.