Quantum Market Cap

Origin Quantum

SuperconductingIPO / LISTING ANNOUNCED

Pre-IPO quantum computing company profile · Founded 2017 · Hefei, China

Company Facts

Founded2017
HeadquartersHefei, China
TechnologySuperconducting quantum computing
Employees~600
Total raised$800M+
Valuation~¥6.9B (~$950M) (implied at IPO counseling, Sep 2025)

IPO Status

STAR Market IPO in preparation

Expected2026–2027 (Shanghai STAR Market)

Once the listing closes, Origin Quantum will join the tracked pure-play quantum stocks on this site.

What Origin Quantum Does

Origin Quantum (本源量子) is China's flagship full-stack quantum computing company, spun out of the University of Science and Technology of China in Hefei. It builds superconducting quantum computers end-to-end — chips, control systems, cryogenics, and its own operating system — and runs the Wukong series on a public quantum cloud. The 72-qubit Origin Wukong shipped in January 2024; the 180-qubit Wukong-180 followed in 2026.

Backed by more than $800M from Chinese state funds and strategic investors, Origin Quantum initiated IPO counseling for the Shanghai STAR Market in September 2025 at an implied valuation around ¥6.9B (~$950M). A listing would make it the second Chinese pure-play quantum stock after QuantumCTek (688027.SS).

Technology: Full-stack superconducting systems (Wukong series, 72 → 180 qubits); homegrown control electronics, OS (Origin Pilot) and quantum cloud.
Roadmap: Scaling the Wukong line toward 1,000+ qubits under China's 15th Five-Year Plan quantum priorities; STAR Market listing in preparation.

Origin Quantum Funding History

RoundAmountDateKey InvestorsValuation
State + strategic rounds$800M+ cumulative2017–2025China state funds, SDIC, CAS-affiliated investors~¥6.9B implied (Sep 2025)

Key Milestones

Jan 2024Origin Wukong (72 qubits) comes online — China's first home-grown third-generation superconducting quantum computer on public cloud.
Sep 2025Initiated IPO counseling for the Shanghai STAR Market (~¥6.9B implied valuation).
2026Wukong-180 (180 qubits) ships; quantum named first of seven "future industries" in China's 15th Five-Year Plan.

How to Get Exposure Today

QuantumCTek (688027.SS) is the listed Chinese quantum comparable — tracked in our International tier. Rigetti (RGTI) is the US superconducting full-stack comparable.

Origin Quantum Stock FAQ

Can you buy Origin Quantum stock?

Not yet. Origin Quantum began STAR Market IPO counseling in September 2025; until it lists, the only Chinese pure-play quantum stock is QuantumCTek (688027.SS) in Shanghai.

What is Origin Quantum's valuation?

Approximately ¥6.9 billion (~$950M) implied at its September 2025 IPO counseling filing, on more than $800M raised from state and strategic investors.

Can foreign investors buy STAR Market stocks?

Direct access is limited, but qualified foreign institutional investors and some brokerages offer Shanghai Stock Connect access to STAR Market names. Most US retail investors track them via indexes or ADRs where available.

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Static profile, updated manually · Last updated 2026-07-01 · Sources: The Quantum Insider — China quantum investment surge ↗