China’s Bose Quantum Reportedly Raises Pre-IPO Funding

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.

The funding activity comes as the Shanghai Stock Exchange has revised and issued a draft of its interim rules governing STAR Market IPO filings and sponsorship. According to the report, the draft adds “quantum” as a dedicated sub-industry under China’s strategic emerging industries, providing clearer classification guidance for quantum technology companies seeking public listings.

Jiemian News reported that state-backed capital has become a significant source of funding for China’s quantum computing companies, with investors increasingly emphasizing engineering and commercialization capabilities alongside scientific research.

Bose Quantum was founded in Beijing in late 2020 and focuses on photonic quantum computing. According to company information, its research team includes scientists and engineers from institutions including Stanford University, Tsinghua University and the Chinese Academy of Sciences. The company says research personnel account for roughly 70% of its workforce, while approximately 65% of employees hold master’s or doctoral degrees.

Since its founding, Bose Quantum has completed multiple financing rounds as it has expanded its hardware development efforts. In May, the company announced the release of its Harness Shanhai 1000 specialized quantum computer and what it described as its first universal photonic quantum chip.

The company has also established photonic quantum laboratories in Suzhou, Shenzhen and Nanjing, according to company materials, and says it has built a large-scale manufacturing facility for specialized quantum computers in Shenzhen.

Bose Quantum says it is pursuing a dual strategy focused on both fault-tolerant universal quantum computing and scalable specialized quantum computing. The company has also reported application testing across sectors including artificial intelligence, pharmaceuticals, finance, telecommunications, energy and advanced materials.

Just a note on the various brand names, which might be a little confusing. The company is referred to in Chinese reports as Beijing Bose Quantum Technology Co., Ltd., or Bose Quantum, while its English-language brand is QBoson. The different names appear to refer to the same company, which can create confusion in English-language coverage.

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