5 Biggest Quantum Computing Companies in the World

In this article, we will take a look at the 5 biggest quantum computing companies in the world. If you want to see more companies in this selection, go to the 15 Biggest Quantum Computing Companies in the World.

5. Alibaba Group Holding Limited (NYSE:BABA)

Market Capitalization: $224.04 billion

2022 Total Revenue: $124.92 billion (¥864.54 billion)

Alibaba Group Holding Limited (NYSE:BABA) is an Hangzhou, China-based technology giant with exposure in e-commerce, artificial intelligence, and cloud computing. The Chinese multinational technology conglomerate has been investing heavily in quantum computing research, including building its quantum computing chip and establishing the Alibaba Quantum Laboratory. The division is focused on developing quantum computing technology for practical applications in areas like machine learning and cryptography. Alibaba Group Holding Limited (NYSE:BABA) has made major progress in launching its quantum computing chip, called the XuanTie C910, which is based on superconducting qubit technology.

Artisan Partners shared its outlook on Alibaba Group Holding Limited (NYSE:BABA) in its Q3 2022 investor letter. Here’s what the firm said:

“Alibaba Group Holding Limited (NYSE:BABA) declined 30% during the quarter primarily due to the continued impact of China’s zero-COVID policy. In August, more than 70 Chinese cities with 300 million combined population were in some state of lockdown. Unfortunately, this comes on top of the other regulatory and competitive challenges that had previously been pressuring Alibaba’s shares over the past year. The painful decline in the share price has made Alibaba a poor investment so far—for good reason. In the second quarter, core online e-commerce revenues were down 10%, and adjusted profits declined 18%. That said, Alibaba shares are priced for this terrible environment to continue forever, and many of the exogenous issues should eventually abate. Signs suggest the regulatory pressure is already easing. The government has been stepping in with economic stimulus. The zero-COVID policy must eventually end. In addition, Alibaba’s management has taken important steps to improve profitability by reducing investments in loss-making new business ventures. When the environment improves, we believe that Alibaba’s core business franchises will return to growth, and profits will follow. The disconnect between Alibaba’s price and value continues to be one of the biggest we have seen in our careers.”