On June 30, the Shanghai Quantum Computing Future Industry Incubation Zone was launched in the Xuhui district of Shanghai. The initial group includes 26 unnamed companies, according to the South China Morning Post (SCMP).
According to media reports, support measures include up to 100 million yuan ($14.7 million) for fundamental research, technological innovation, and general platforms. Additionally, 20 million yuan ($2.9 million) will be allocated for initial installations or product prototypes. Subsidies for access to computing resources are also possible.
Journalists have identified Xuhui as one of Shanghai’s artificial intelligence hubs. The district is home to StepFun AI, Shanghai Artificial Intelligence Laboratory, and MiniMax. Authorities aim to leverage the existing AI cluster to develop quantum companies, though the specific format of interaction is not detailed.
Quantum technologies have been included in China’s national priorities in the 15th Five-Year Plan for 2026–2030. Against this backdrop, cities are forming their own clusters around quantum developments.
According to SCMP, Shanghai authorities aim to increase the number of quantum companies in Xuhui to over 100 within three years. The publication also cites Hefei as one of the most developed centers in the sector, with more than 90 specialized companies in the city as of last year.
In June, Chinese company SpinQ Technology announced the completion of a Series D round raising 1 billion yuan (approximately $147 million) for the development of fault-tolerant quantum computers.
