As a unique two-dimensional nanomaterial, layered black phosphorus (BP) nanosheets have shown promising applications in electronics. Although mechanical exfoliation was successfully used to prepare BP nanosheets, it is still a challenge to produce novel BP nanostructures in high yield. A facile top-down approach for preparation of black phosphorus quantum dots (BPQDs) in solution is presented. The obtained BPQDs have a lateral size of 4.9 AE 1.6 nm and thickness of 1.9 AE 0.9 nm (ca. 4 AE 2 layers). As a proof-ofconcept application, by using BPQDs mixed with polyvinylpyrrolidone as the active layer, a flexible memory device was successfully fabricated that exhibits a nonvolatile rewritable memory effect with a high ON/OFF current ratio and good stability.Two-dimensional (2D) layered materials, such as graphene and transition-metal dichalcogenides (TMDs), have emerged as a class of promising nanomaterials in both fundament studies and potential applications owing to their intriguing properties. [1] Besides the 2D layered structure, ultra-small quantum dot (QD), as another form of nanomaterials, exhibits unique electronic and optical properties owing to the quantum confinement and edge effects. [2] For example, graphene and MoS 2 QDs have been successfully prepared and widely used in photovoltaic devices, [3] opto-electronics, [4] and biological analysis. [5] Inspired by the unique 2D feature of graphene and TMDs, considerable efforts have been devoted to the exploration of new members in the 2D family. As a typical example, black phosphorus (BP), a conceptually new layered material, has triggered a recent resurgence of interest owing to its unique structure as well as fascinating optical and electronic properties. [6] As bulk BP consists of puckered layers stacked together by weak van der Waals interactions, the mechanical exfoliation method has been successfully used to prepare single-and few-layer BP nanosheets. [6a, 7] Importantly, BP has a layerdependent bandgap, which can be tuned from 0.3 to 2 eV as its thickness decreased from bulk to monolayer. [6c, 8] The appealing tunable bandgap of BP holds great promise in bridging the space between zero-gap graphene [1a] and large-gap TMDs (1-2 eV). [1f] Moreover, it has been theoretically predicted that the bandgaps of its monolayer (phosphorene) and nanoribbon are highly sensitive to the plane strain and edge structures. [9] Based on its intriguing properties, BP nanosheets have been used in field-effect transistors (FETs), [6a,d] and theoretically predicted for thin film solar-cell [10] and gas sensing [11] applications. Despite the recent progress in mechanically exfoliated BP nanosheets, it is still a challenge to prepare new BP nanostructures in high yield, especially through solutionbased approaches.Herein, for the first time, we report a facile solution-based method for the preparation of black phosphorus quantum dots (BPQDs) from the bulk BP crystal. The as-synthesized BPQDs with average size of 4.9 AE 1.6 nm and thickness of 1.9 AE 0.9 nm (that is,...