TuringQ Begins IPO Process as Shanghai Photonic Quantum Computing Firm Seeks China’s First Quantum Listing

IPO Tutoring Launch: TuringQ enters regulatory tutoring with Guotai Haitong Securities for a planned A-share offering.Valuation and Funding: Post-Series C valuation exceeds 7 billion yuan ($970 million) after nearly 1 billion yuan raised in 2026.Photonic Commercial Path: Company advances wafer-scale thin-film lithium niobate chips and hybrid systems through a photonic pilot production line.Shanghai-based TuringQ (Shanghai Turing Intelligence Computing Quantum Technology Co., Ltd.), a photonic quantum computing company, entered initial public offering tutoring* with the Shanghai branch of the China Securities Regulatory Commission on August 5, 2026.

Guotai Haitong Securities is serving as the IPO sponsor. The step positions the firm among companies competing to become one of the first publicly listed quantum computing companies in China and forms part of a broader move by Chinese hard-tech firms into public markets. Founded on February 19, 2021, by Professor Jin Xianmin of Shanghai Jiao Tong University, TuringQ has raised nearly 1 billion yuan ($140 million) in 2026. Following its Series C round in April, the company’s valuation surpassed 7 billion yuan ($970 million).TuringQ focuses on the design and manufacture of photonic quantum chips together with quantum computing system integration. The company is among the early firms in China pursuing commercialization of photonic quantum chips and complete quantum computers. Its technology centers on thin-film lithium niobate (LNOI) photonic chips and femtosecond laser direct-write three-dimensional photonic circuits.In June 2025, a photonic pilot production line in Wuxi, Jiangsu Province, in which TuringQ participated alongside the Shanghai Jiao Tong University Wuxi Photonic Chip Research Institute (CHIPX), began operation. The line supports wafer-scale manufacturing of LNOI chips designed to integrate thousands of optical components on a single chip and shortens research and development cycles. Photonic quantum computing approaches offer:These attributes distinguish photonic quantum computing platforms from superconducting and trapped-ion platforms.According to the company, core products include the research-grade TuringQ Gen1 optical quantum computer and the larger-scale hybrid integrated TuringQ Gen2 system, which the company describes as supporting modular deployment in standard data-center environments and coherent multi-photon manipulation for complex optimization and sampling tasks.According to the tutoring filing, TuringQ has registered capital of 1.92 million yuan ($282,000), with Jin Xianmin as legal representative.

Shanghai Siliang Quantum Technology is the controlling shareholder with a 34.10 percent stake. The company is classified under computer, communications, and other electronic equipment manufacturing. Funds raised in 2026 are earmarked for advancing practical photonic quantum computers, developing quantum algorithm ecosystems, and expanding quantum-powered intelligent computing infrastructure.TuringQ joins other Chinese quantum firms in the IPO pipeline, including Origin Quantum, which began STAR Market tutoring in 2025, and additional players that completed tutoring registrations in 2026. In April 2026 the Shanghai Stock Exchange added quantum technology as a subcategory of strategic emerging industries under STAR Market rules, clarifying the listing pathway.An industry expert noted the sector is shifting from pure research and early-stage financing toward commercialization, although large-scale industrial adoption remains limited and revenue is currently concentrated in specialized quantum computing and cloud services. The company reports commercial engagements with domestic operators and institutions across telecommunications, power, finance, and other sectors, together with software-hardware compatibility work involving domestic GPU providers.TuringQ’s IPO tutoring marks a concrete step for photonic quantum computing toward public markets and broader commercialization in China.* IPO Tutoring is the Chinese government’s process a company must execute prior to IPO.Find out more here.—Further articles, reports, and the latest quantum computing news may be found at The Qubit Report.ZeroTier has partnered with Carahsoft to bring its post-quantum networking platform to U.S. government agencies through NASA SEWP V contracts. The deal expands access to SAXON Q has opened commercial orders for its SXQ128 and SXQ512 quantum computers, listed with aggregate qubit counts of 128 and 512. The company describes Eaton has been awarded a $7 million (€6.1 million), 24-month contract from the U.S.

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