China’s Quantum Sector Sees Investment Surge as Larger Funding Rounds Return
AI-summarised brief · reviewed before publication
China's quantum sector sees a surge in investment, with two startups securing ~$145 million each, marking the return of large-scale capital. This follows the country's 15th Five-Year Plan designating quantum as a top "future industry." The government has allocated $17.5 billion to a National Venture Guidance Fund, backing quantum technology as a new engine of economic growth, with private capital now flowing into the sector, including from state-owned banks and enterprises.