Bose Quantum Raises Pre-IPO Funding; QuantumCTek Unit Closes 10 Billion Yuan Series D

Bose Quantum has completed a pre-IPO financing round worth several hundred million yuan, potentially positioning it to become China’s second quantum computing company to start an IPO process after Origin Quantum, according to Jiemian News. Separately, QuantumCTek’s unit Liangxuan Technology announced it has raised 10 billion yuan in a Series D round. The developments come after the Shanghai Stock Exchange revised and released a draft of its interim rules for STAR Market IPO filings and sponsorship, adding “quantum” as a sub-industry category under strategic emerging industries, providing clearer classification guidance for quantum technology companies seeking to list. The report said state-owned capital has become a major investor in China’s quantum computing sector, and companies’ engineering capabilities are a key factor in attracting funding.