记者从安徽省量子计算工程研究中心获悉，中国第三代自主超导量子计算机"本源悟空"已在我国多地部 署。3台不同版本的"本源悟空"量子计算机已分别在超算中心、国内高校及相关部门部署并运行。"本源 悟空"由本源量子自主研制，实现了从芯片到操作系统的全链条国产可控。已部署的3台自主超导量子计 算机将分别服务于国家重大科研项目算力支撑、高校量子信息人才培养及特定用途等。(上证报) ...

作者：欧雪 编辑：彭孝秋 硬氪获悉，深圳量旋科技有限公司（以下简称「量旋科技」）近日完成数亿元B系列融资，投资方包括建信股权、梁溪科技城发展基金等政府基金，以及星 空投资、华强资本、九颂基金等多家机构。融资资金将主要用于技术升级迭代、场景应用深化和加速全球化布局。 「量旋科技」成立于2018年，核心团队成员来自于哈佛大学、麻省理工大学、清华大学、北京大学、中国科学技术大学、香港科技大学等。其创始人兼CEO 项金根为清华大学物理学学士和博士、哈佛大学博士后和副研究员。 以技术研发和商业落地双轮驱动为核心，「量旋科技」依托教育级核磁量子计算机、产业级超导量子计算机、量子计算云平台和应用软件进行产业布局，赋 能科研教学、药物研发、金融科技、人工智能等领域。 近年来，随着云计算、人工智能、大数据、AIoT等领域的快速发展，以及第四次工业革命、Web3、元宇宙的热潮推动，算力需求远无止境。但是，传统计 算机的摩尔定律濒临极限，量子计算成为突破极限，推动新一轮科技革命和产业变革的基础科技。 项金根向硬氪表示，当前量子计算市场尚未完全打开，如何平衡市场拓展与技术研发的进度对公司来说极具挑战。目前，「量旋科技」作为国内少数具 ...

Group 1: Controlled Nuclear Fusion Industry - The industry has entered a period of intensive infrastructure construction, with 14 major projects under construction in China, totaling an investment scale of 136.2 billion yuan [2] - The current projects are primarily in the planning stage, indicating that the next 3-5 years will be a critical window for bidding [2] - Investment participants are diverse, including research institutions, state-owned enterprises, and private companies [2] Group 2: Quantum Computing Development - Denmark plans to build the world's strongest quantum computer, Magne, with a joint investment of 40 million euros (approximately 668 million yuan) from Novo Nordisk Foundation and the Danish government fund EIFO [3] - The Magne quantum computer will utilize advanced quantum error correction technology and high-fidelity qubits, making it one of the first level-2 quantum computers globally [3] - The quantum technology industry is rapidly accelerating, with a market valuation reaching hundreds of billions of dollars, driven by applications in various fields such as chemistry, finance, and AI [3] Group 3: Embodied Intelligent Robots - The market is increasingly focused on the practical application of embodied intelligent robots, particularly in logistics operations [4][5] - Logistics is expected to be one of the first sectors to adopt embodied intelligent robots due to the large volume of work and the simplicity of tasks involved [5] - The reliance on manual labor in logistics presents an opportunity for robots to replace human labor in basic tasks, thereby freeing up workforce resources [5] Group 4: AI Agent Business Model Transformation - The business model of AI Agents is shifting from "providing tools" to "delivering value," indicating a potential revaluation opportunity for SaaS companies [6] - Recent developments include the launch of various AI Agent products by companies like OpenAI and Microsoft, which aim to automate complex research tasks [6] - The integration of AI capabilities into enterprise solutions is expected to enhance operational efficiency and value delivery [6]

Core Viewpoint - Zhongke Chuangxing has established its first hard technology venture capital fund in the Yangtze River Delta, raising 2.617 billion yuan in its first round of fundraising, with a focus on early-stage hard technology projects, particularly in the "Artificial Intelligence+" sector [2][3][6]. Fund Overview - The newly established fund will allocate 70% of its capital to early-stage hard technology projects, aiming to support original innovations from the "0 to 1" stage, while the remaining 30% will target growth-stage projects to facilitate technology maturation from "1 to 10" [3][6]. - The fund is registered in Shanghai Pudong and has an 8-year duration, with plans to close fundraising by the end of this year [6]. Strategic Partnerships - Zhongke Chuangxing has signed cooperation agreements with 19 limited partners, including national and local investment funds, to enhance collaboration in high-quality incubation and the integration of capital and technology [5][7]. - The Shanghai Science and Technology Commission has expressed support for Zhongke Chuangxing's innovative incubation models, emphasizing the importance of tailored strategies for different incubators [7]. Investment Focus - The fund will primarily invest in hard technology projects within the fields of material, energy, information, life, and space, with a strong emphasis on artificial intelligence [6][11]. - Zhongke Chuangxing has a history of investing in various sectors, including photonics, semiconductors, commercial aerospace, artificial intelligence, quantum computing, and controllable nuclear fusion, establishing a comprehensive AI investment layout [9][10]. Ecosystem Development - The company aims to build a hard technology innovation ecosystem by collaborating with various resources and focusing on projects that possess knowledge, social, and economic value [11]. - Zhongke Chuangxing has already invested in over 60 hard technology companies in Shanghai, with total investments amounting to several billion yuan [14]. Incubation Strategy - The high-quality incubator established by Zhongke Chuangxing focuses on "advanced incubation" and "deep incubation," targeting early-stage innovations and supporting scientists in transforming research into practical applications [15]. - The incubator has successfully advanced several projects into the incubation phase, including a collaboration with Fudan University on two-dimensional semiconductor technology [15].

Group 1 - Nvidia's H20 chip is set to return to the Chinese market, with Tencent and ByteDance potentially being the first buyers after receiving export approval from the U.S. government [3][5] - Nvidia's stock rose by 4.04% to $170.7, increasing its market capitalization by $161.8 billion (approximately 1160.5 billion RMB) overnight [3] - WM Motor has announced plans to resume production and aims to produce 1 million vehicles by 2030, with projected revenue of 120 billion RMB [3][5][6] Group 2 - Geely Holding Group has signed a merger agreement with Zeekr, with Zeekr shareholders having the option to receive cash or exchange for Geely shares [6] - JD Health has opened its first self-operated medical beauty clinic in Beijing, with plans for a second location, but currently lacks corresponding subsidy policies [8] - Pop Mart anticipates a revenue increase of no less than 200% and a profit increase of no less than 350% for the six months ending June 30, 2025, compared to the same period in 2024 [8] Group 3 - The U.S. startup financing reached $162.8 billion in the first half of the year, a 75.6% increase year-on-year, driven largely by investments in artificial intelligence [29] - IDC reported a 4% year-on-year decline in China's smartphone shipments in Q2 2025, with Huawei regaining the top market position after more than four years [30]

Core Viewpoint - The article discusses the recent A-round financing of Huayi Quantum, a company specializing in ion trap quantum computing, highlighting its technological advancements and commercial potential in the quantum computing industry [4][10]. Company Overview - Huayi Quantum was established in January 2022, originating from Tsinghua University's Quantum Information Center, and is led by Professor Duan Luming, an academician of the Chinese Academy of Sciences [4]. - The core team consists of several PhDs and postdoctoral researchers from prestigious institutions such as Tsinghua University and the University of Science and Technology of China [4]. Financing and Investment - Huayi Quantum recently completed several hundred million yuan in A-round financing, led by the Social Security Fund's Zhongguancun Independent Innovation Special Fund and Beijing Information Industry Development Investment Fund, with the funds aimed at accelerating core quantum computing technology development and industrial application [4][10]. Technological Advancements - The company has proposed a novel ion trap quantum computing architecture based on high-dimensional ion qubit arrays, achieving a significant breakthrough with its second-generation commercial prototype, HYQ-B100, which can exceed 100 quantum bits [6][8]. - The performance metrics of the HYQ-B100, including fidelity and coherence time, are at the international leading level [6]. Application and Market Focus - Currently, Huayi Quantum's products are primarily used in scientific computing, with this segment accounting for over 80% of its business last year [5]. - The company collaborates mainly with traditional research institutions and large state-owned enterprises, such as China Mobile Research Institute [5]. Future Plans and Growth - The company anticipates revenue exceeding 50 million yuan this year, with growth expected to multiply [9]. - Future plans include enhancing quantum bit scale and advancing core technologies like quantum error correction, while also exploring applications in AI and various industries such as 6G mobile communication and oil reservoir simulation [9]. Investor Perspectives - Investors, including Junlian Capital and the Information Industry Fund, express strong confidence in Huayi Quantum's potential to lead in the quantum computing sector, emphasizing the importance of long-term capital support for innovative projects [10].

Core Insights - Huayi Quantum has completed a multi-hundred million yuan Series A financing led by the Social Security Fund Zhongguancun Independent Innovation Special Fund (managed by Junlian Capital), Beijing Information Industry Development Investment Fund, and Junlian Capital [1] Company Overview - Huayi Quantum, originating from Tsinghua University's Quantum Information Center, was established in Beijing in 2022. The company focuses on ion trap quantum computing and has launched its second-generation prototype HYQ-B100, achieving a breakthrough of 100 quantum bits with advantages in long coherence, high fidelity, and scalability. It also provides quantum cloud computing services across various sectors including research, communication, finance, medicine, and energy [2] Financing Purpose - The CEO of Huayi Quantum, Yao Lin, stated that the funds from this round will be used for three main areas: continuing the iteration of the third-generation ion trap quantum computer, tackling quantum error correction and quantum AI algorithms; building a larger-scale cloud computing power cluster to meet the high-performance quantum computing needs of research institutions and central enterprise research institutes; and expanding R&D centers in Beijing and Hefei to attract global quantum talent and accelerate the commercialization of applications in areas such as 6G communication, catalytic simulation, and oil reservoir optimization [3] Investment Rationale - A partner at Junlian Capital Management noted that the ion trap approach combines high fidelity with controllable costs. Huayi Quantum, leveraging a top-tier team from Tsinghua, has achieved commercial viability with a 100-qubit system and leads globally in quantum gate fidelity and system stability. The rapid growth in orders driven by surging demand in research and industrial applications positions the company as a potential platform-level enterprise, aligning with patient capital's long-term strategy for disruptive technologies [4] Investment Ecosystem Perspective - Wang Shuai, founder of Shandao Venture Capital Network, indicated that the State Council's "Implementation Opinions on Promoting Future Industry Innovation and Development" and Beijing's "Quantum Information Industry Development Plan" have been implemented, with the government encouraging "hard technology" through financial support. Huayi Quantum has quickly formed a product loop by leveraging original technology from universities, demonstrating efficient collaboration between research teams and capital. Investors should ensure continuous tracking of technological iterations and commercial scenario validations to meet the expectations of "national team" funding. Additionally, the entrepreneurial team maintains international competitiveness in the quantum sector, and their pioneering spirit is commendable [5]

Core Insights - The global venture capital market reached $94.6 billion in Q2 2025, marking the second-highest level in recent years, despite a significant drop in the number of deals to an eight-year low [2][9][14] - The current investment landscape is characterized by a "winner-takes-all" mentality, with funds increasingly concentrated on top-tier projects, making it crucial for entrepreneurs to understand the new rules of the game [4][3] Investment Trends - AI continues to dominate, attracting half of the total investment funds, with AI-tagged companies enjoying a median financing amount of $4.6 million, significantly higher than the market average [5][7][24] - Hard technology is on the rise, with six out of the top ten financing cases in Q2 2025 directed towards this sector, driven by factors such as the resurgence of U.S. manufacturing and advancements in clean energy [16][21] - Corporate venture capital (CVC) investments have decreased to a seven-year low, but the average deal size has reached its highest level since 2021, indicating a shift towards fewer, larger investments [39][42] Sector-Specific Insights - Defense technology is becoming a hotbed for investment, with a median revenue multiple of 17.4, slightly higher than AI companies, reflecting strong investor confidence [20] - The quantum computing sector saw $2.2 billion in investments in the first half of 2025, a 69% increase from the previous year, as major tech companies make significant breakthroughs [57][61] - The nuclear energy sector is experiencing a revival, with projected investments reaching $5 billion in 2025, driven by the energy demands of the AI industry [63][71] Future Investment Opportunities - The stablecoin market is expected to see explosive growth, with projected funding reaching $10.2 billion in 2025, fueled by improved regulatory conditions [46][49] - The defense technology sector is anticipated to attract more investors, with the number of participating institutions expected to grow by 34% from 2024 to 2025 [54] - The nuclear energy sector is positioned to become a critical infrastructure component in the AI era, as companies seek reliable energy sources to support their operations [71]

Core Viewpoint - Huayi Quantum aims to become a world-class quantum computing company, focusing on the development and commercialization of ion trap quantum computers, leveraging its strong research background from Tsinghua University [1][6]. Group 1: Financing and Partnerships - Huayi Quantum recently completed a Series A financing round, raising several hundred million yuan, which will be used to accelerate the R&D and industrial application of core quantum computing technologies [1]. - The financing was led by the Social Security Fund's Zhongguancun Independent Innovation Special Fund, Beijing Information Industry Development Investment Fund, and Junlian Capital [1]. - The company has established collaborations with leading enterprises and research institutions in various sectors, including telecommunications, finance, pharmaceuticals, and energy [4]. Group 2: Technological Advancements - Huayi Quantum has achieved a key breakthrough with its second-generation ion trap quantum computer prototype, HYQ-B100, which has surpassed 100 quantum bits while maintaining international leading levels in fidelity and coherence time [2]. - The team proposed a novel ion trap quantum computing architecture based on high-dimensional ion qubit arrays, significantly increasing the effective number of quantum bits while ensuring high-speed and high-fidelity quantum gate operations [1]. Group 3: Industry Applications - The company is actively exploring the practical applications and commercial value of quantum computing across various industries, including smart routing, portfolio optimization, chemical energy calculations, and logistics optimization [4]. - Huayi Quantum plans to deepen industry applications and enhance the integration of quantum and classical computing, providing one-stop solutions in relevant fields [6]. Group 4: Vision and Future Outlook - The CEO of Huayi Quantum expressed confidence in the company's vision to lead the computing revolution, emphasizing the potential of quantum computing at the intersection of artificial intelligence and quantum technology [6]. - Junlian Capital highlighted the disruptive potential of quantum computing and its value in expanding computational frontiers, supporting Huayi Quantum's long-term technological development and ecosystem building [6][7].

Core Insights - Huayi Quantum has recently completed a multi-hundred million yuan Series A financing round, led by the Social Security Fund and other investors, aimed at accelerating the development and application of core quantum computing technologies [1][2] - The company, founded in January 2022 and originating from Tsinghua University, focuses on ion trap quantum computing technology, providing integrated quantum computing systems and quantum cloud computing services for various industries [1][2] - The second-generation ion trap quantum computer prototype, HYQ-B100, has achieved a significant breakthrough with over 100 quantum bits, maintaining high fidelity and coherence times, positioning it at an international leading level [2][4] Company Overview - Huayi Quantum was established by a team of experts from Tsinghua University and other institutions, led by Professor Duan Luming, an academician of the Chinese Academy of Sciences [1][2] - The company primarily serves the research computing sector, with over 80% of its business in this area, collaborating with traditional research institutions and large state-owned enterprises [2][3] - The company aims to enhance its quantum computing capabilities while controlling costs, with over two-thirds of its total expenditure allocated to R&D and maintaining an annual growth rate of over 25% in R&D investment [4][5] Industry Context - Quantum computing is seen as a nascent field with significant potential, particularly in areas such as financial engineering, biomedicine, and logistics optimization, driven by the demand for advanced computational capabilities [1][2] - The commercial viability of quantum computing is still developing, with current applications focusing on research computing due to hardware limitations and the need for practical problem-solving [2][3] - Investment firms express strong confidence in the disruptive potential of quantum computing, highlighting Huayi Quantum's technological advancements and clear commercialization path as key factors for future growth [6]