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Qiming Venture Partners

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Qiming Venture Partners
Native name
啟明創投
Company typePrivate
IndustryVenture Capital
Founded2006
HeadquartersJin Mao Tower, Shanghai, China
Key people
Nisa Leung (Managing Partner)[1]
ProductsInvestments
AUMUS$9.5 billion (May 2023)
Websitewww.qimingvc.com
Footnotes / references
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Qiming Venture Partners (Chinese: 啟明創投; pinyin: Qǐmíng chuàngtóu) is a China based Venture capital firm. It primarily invests in Technology, Internet and Healthcare related companies across China.[3][4] It was an early investor in ByteDance, Xiaomi, Meituan and Bilibili.[3][1][5][6] According to South China Morning Post, from January 2019 to May 2020, it was the seventh most active venture capital firm in China.[7]

Background

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Qiming Venture Partners was founded in 2006 by Gary Rieschel and Duane Kuang.[3][8][9][10] Rieschel and Kuang were previously with Softbank and Intel Capital respectively.[8][9] It is headquartered in Shanghai with offices in Beijing, Suzhou, Shenzhen and Hong Kong.[11] It mainly focuses on investments in China.[6][10] Investors include Princeton University, Duke University and the Robert Wood Johnson Foundation.[10]

In 2017, it set up its American branch, Qiming Venture Partners (USA).[12] The branch is headquartered in Seattle, Washington with offices in Cambridge, Massachusetts and San Francisco, California.[11]

References

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  1. ^ a b "China venture capital deal-making shows green shoots of recovery". South China Morning Post. 9 April 2020. Archived from the original on 23 June 2022. Retrieved 23 June 2022.
  2. ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 24 November 2022. Retrieved 24 November 2022.
  3. ^ a b c "Sequoia's China Rival Targets Drug Startups That Can Go Global". Bloomberg.com. 27 February 2019. Archived from the original on 31 March 2019. Retrieved 15 July 2023.
  4. ^ Deng, Chao (12 December 2012). "Why Chinese Startup Investor Qiming Is Bullish for 2013". Wall Street Journal. ISSN 0099-9660. Archived from the original on 15 July 2023. Retrieved 15 July 2023.
  5. ^ "Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back". Bloomberg.com. 11 July 2022. Archived from the original on 15 November 2023. Retrieved 11 July 2022.
  6. ^ a b "Who is Qiming Venture Partners?". The Wire China. 10 April 2022. Archived from the original on 11 April 2022. Retrieved 23 June 2022.
  7. ^ "China Internet Report 2020" (PDF). 9 February 2023. Archived from the original (PDF) on 9 February 2023. Retrieved 11 February 2023.
  8. ^ a b Flannery, Russell. "Homeward Bound Gary Rieschel Talks About China VC, Huawei And Colliding Garbage Trucks". Forbes. Archived from the original on 20 January 2023. Retrieved 20 January 2023.
  9. ^ a b Flannery, Russell. "New Fund, New IPOs: The Era Of Successful China VC Investing Hasn't Ended Here". Forbes. Archived from the original on 20 January 2023. Retrieved 20 January 2023.
  10. ^ a b c "China Venture Firm Raises $648 Million From Princeton, Duke". Bloomberg.com. 8 February 2016. Archived from the original on 6 May 2021. Retrieved 3 July 2023.
  11. ^ a b "Qiming Venture Partners Investor Profile: Portfolio & Exits | PitchBook". pitchbook.com. Archived from the original on 2 December 2020. Retrieved 24 February 2021.
  12. ^ "The Chaoui Fellowship @ Qiming Venture Partners USA". careernavigator.gradeducation.hms.harvard.edu. Archived from the original on 15 July 2023. Retrieved 15 July 2023.
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