In 2025, global capital investment in the quantum computing industry reache and resource allocation, facilitating breakthroughs in key technologies and engin eering iterations. However, it has also raised market expectations for progress an d deliverables. Against this backdrop, the alignment between capital flow and the pace of technical realization warrants continuous tracking. Unlike the early focus 0 n conceptual hype or physical qubit counts, the investment logic in 2025 prioritizes ntation. The Chinese market exhibits certain differences in funding sources and pr