China Telecom invests $434m to establish quantum technology group

China Telecom invests $434m to establish quantum technology group

A sign of China Telecom is seen on a street, during the coronavirus disease (COVID-19) outbreak in Shanghai, China January 8, 2021. REUTERS/Aly Song/File Photo

China Telecom has invested 3 billion yuan ($434 million) to establish the China Telecom Quantum Information Technology Group Co., it said in a statement on its official WeChat account Tuesday.