{"id":10068,"date":"2022-07-11T01:00:00","date_gmt":"2022-07-11T01:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3812705_AE12705_0"},"modified":"2022-07-11T01:00:00","modified_gmt":"2022-07-11T01:00:00","slug":"qiming-venture-partners-announces-closing-of-funds-totaling-us3-2-billion","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=10068","title":{"rendered":"Qiming Venture Partners Announces Closing of Funds Totaling US$3.2 Billion"},"content":{"rendered":"
<\/div>\n

SHANGHAI<\/span>, July 11, 2022<\/span> \/PRNewswire\/ — Qiming Venture Partners announced today the closing of its latest funds totaling US$3.2 billion<\/span>, including USD Fund VIII at US$2.5 billion<\/span> and the first closing of RMB Fund VII at RMB 4.7 billion<\/span> (or US$ 700 million<\/span>).<\/p>\n

As in prior funds, Fund VIII was oversubscribed and reached its hard cap for limited partner commitments. This increases the firm’s capital raised to $9.4 billion<\/span> across 18 funds.<\/p>\n

Committed capital includes the Qiming Venture Partners Fund VIII main fund that focuses on early and growth stage Technology and Consumer (T&C) and Healthcare investments and the Qiming Venture Partners Fund VIII-HC parallel healthcare fund that invests alongside the main fund (collectively “Fund VIII”).<\/p>\n

Fund VIII is led by Managing Partners Duane Kuang, Nisa Leung<\/span>, William Hu<\/span>, and Gary Rieschel<\/span>, with full support of investment and administration teams based in Shanghai<\/span>, Beijing<\/span>, Shenzhen<\/span>, and Hong Kong<\/span>.<\/p>\n

Since its inception in 2006, Qiming has demonstrated its ability to deliver consistently strong venture capital returns in China<\/span>. Qiming has backed over 480 fast-growing companies, over 70 of which have achieved unicorn status. A vast majority of these companies were early stage at the time of initial investment. In addition, over 180 of our portfolio companies have achieved exits through IPO, M&A or other means, including Xiaomi, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab<\/span>, CanSino Biologics, APT Medical, Meituan, Bilibili and Roborock.<\/p>\n

About Qiming Venture Partners<\/b><\/p>\n

Founded in 2006, Qiming Venture Partners is a leading China<\/span> venture capital firm with offices in Shanghai<\/span>, Beijing<\/span>, Suzhou, Hong Kong<\/span>, Seattle<\/span>, Boston<\/span> and the San Francisco Bay Area<\/span>.<\/p>\n

Currently, Qiming Venture Partners manages eleven US Dollar<\/span> funds and seven RMB<\/span> funds with $9.4 billion<\/span> in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.<\/p>\n

Since our debut, we have backed over 480 fast-growing and innovative companies. Over 180 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through M&A or by other means. There are also over 70 portfolio companies that have achieved unicorn status.<\/p>\n

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi (SEHK:1810), Meituan (SEHK:3690), Bilibili (NASDAQ:BILI, SEHK:9626), Zhihu (NYSE: ZH, SEHK: 2390), Roborock (SHSE:688169), Gan & Lee Pharmaceuticals (SHSE: 603087), Tigermed (SZSE:300347, SEHK:3347), Zai Lab<\/span> (NASDAQ:ZLAB, SEHK:9688), CanSino Biologics (SEHK:6185, SHSE:688185), Schr\u00f6dinger (NASDAQ:SDGR), APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Venus MedTech (SEHK:2500), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE: 688520), Yuanxin Technology, dMed-Clinipace, Belief BioMed, WeRide, Biren Technology and UBTech among many others.<\/p>\n","protected":false},"excerpt":{"rendered":"

SHANGHAI, July 11, 2022 \/PRNewswire\/ — Qiming Venture Partners announced today the closing of its latest funds totaling US$3.2 billion, including USD Fund VIII at US$2.5 billion and the first closing of RMB Fund VII at RMB 4.7 billion (or US$ 700 million). As in prior funds, Fund VIII was oversubscribed and reached its hard […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-10068","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"\nQiming Venture Partners Announces Closing of Funds Totaling US$3.2 Billion - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=10068\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qiming Venture Partners Announces Closing of Funds Totaling US$3.2 Billion - My Blog\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, July 11, 2022 \/PRNewswire\/ — Qiming Venture Partners announced today the closing of its latest funds totaling US$3.2 billion, including USD Fund VIII at US$2.5 billion and the first closing of RMB Fund VII at RMB 4.7 billion (or US$ 700 million). 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