Qiming Venture Partners, one of the largest venture investment firms to arise in China in the past two decades, has raised $3.2 billion of new investment funds, the Shanghai-headquartered company said in a statement.
... [+]Qiming Venture Partners, one of the largest venture investment firms to arise in China in the past two decades, has raised $3.2 billion of new investment funds, the Shanghai-headquartered company said in a statement on Monday.
The new money lifts its capital raised since 2006 to $9.6 billion. Early picks include Xiaomi, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, APT Medical, Meituan, Bilibili and Roborock. Qiming has two members of the 2022 Forbes Midas List – Nisa Leung at No. 61 and Duane Kuang at No. 72.
Qiming is part of a group of home-grown venture companies that began to take off after China joined the World Trade Organization. It was set up in 2006 in Shanghai by Gary Rieschel, who Leung first met while an intern in California, along with Kuang, who she golfed with back in Silicon Valley, too. Qiming seized upon an on-the-ground advantage in relatively fast-growing, fast-changing China to invest in more than 70 “unicorn” businesses that have grown to more $1 billion in valuation.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aston Martin sells £78m stake to Saudi Arabia investment fund | EvoAston Martin has sold a £78m stake to the Saudi Public Investment Fund as part of a £635 million investment drive.
Read more »
Battery Ventures Has An Unconventional Playbook For Its $3.8 Billion In New FundsAs Battery Ventures closed in on its second decade as a firm in 2001, its partners congregated in Stowe, Vermont to ski. Between trips down snowy slopes, the team saw the down-sloping dotcom crash stock market as the time to plot a new investment strategy.
Read more »
Recycled Ventures: How to Drive your Startup out of Stagnation | HackerNoon'Recycled Ventures: How to Drive your Startup out of Stagnation ' cc: 500GlobalVC ycombinator TechCrunch startup mobility
Read more »
An Evolutionary Perspective on In-Law ConflictIs your relationship with your mother-in-law sometimes cold or strained? Understanding the hidden biology at play could help.
Read more »
Construction on schedule for new Pascua Yaqui affordable housing projectsWith a schedule to meet, contractors and crews have made noticeable progress on the first phases of construction: single-family homes, followed by a cluster of town houses.
Read more »
Crypto execs gave more than $150,000 to Sen. Gillibrand in Q2Sen. Kirsten Gillibrand raised thousands from crypto CEOs, developers, venture capitalists and industry groups last quarter, according to her latest campaign finance report.
Read more »