A state-parent capitalisation rather than a company that raised from outside investors; the profile exists to explain that distinction, not to imply a valuation.
1 published financings~$420M disclosed total#12 global rank
Company record
This profile is a single-company view of the same public ledger that builds the global ranking. Figures are disclosed amounts, not valuations; an empty cell means the source did not publish a number.
Headquarters / founded
Hefei, Anhui · 2023
Technology
quantum-communication · Quantum network operator
Region / country
China · China
Status
state-backed
Cumulative disclosed funding
~$420M (lower bound)
Global rank
#12 / 62
Where this row sits in the ledger
The values below are computed on this build from the live dataset. They are measurements, not commentary.
Share of all tracked capital
2.49%
Median, same technology
$30M
Median, same region
$70M
Nearest larger peer (same technology)
—
Nearest smaller peer (same technology)
QuantumCTek · $130M
Published financing events
1
Cash disclosed across those events
$420M
Policy / public-market events
1 / 0
Unreviewed auto-collected events
0
Syndicated reports merged into these rows
0
Recorded financings
State capital injection (registered capital)~$420M
~$420M of registered capital from China Telecom is a state parent capitalising a subsidiary, not a priced external investment. We keep it visible because state capital is the central financing mechanism for China's quantum network build-out, but the number is a balance-sheet authorisation and carries no valuation. Comparing it directly with a US venture round of the same size would be misleading, which is why the methodology separates state capital from priced equity.
Chinese media reports, company filingshow to verify ↗China Telecom (state)🇨🇳 China
Editorial caveat for this company
The 2023 number is registered capital. It has no priced equity counterpart, so it appears in the policy tracker and is annotated rather than treated as a market round.