A Quantum Bet With State and Strategic Weight When a Tsinghua University spin-off closes a Series A in under two years of existence — with iFlytek, Shunwei Capital, and multiple Beijing state-backed funds all at the same table — that is not a routine early-stage cheque. It is a signal that China's quantum computing sector is moving from research output to engineered product on a compressed timeline. Liangyi Wanxiang's raise of over RMB 100 million (≈$14 million) arrives in a quarter when China's quantum sector recorded total financing of 32.04 billion RMB (≈$4.48 billion) — exceeding the total for all of 2025. The speed of capital accumulation alone tells you something important about the state of play. ## What Liangyi Wanxiang Actually Builds Founded in July 2024 as a spin-off from a Tsinghua University research team, Liangyi Wanxiang works on the neutral atom approach to quantum computing — one…