Qiming Venture Partners
 | |
Native name | 啟明創投 |
|---|---|
| Company type | Private |
| Industry | Venture Capital |
| Founded | 2006 |
| Founders | Gary Rieschel Duane Kuang |
| Headquarters | Jin Mao Tower, Shanghai, China |
| Products | Investments |
| AUM | US$9.5 billion (August 2024) |
| Website | www.qimingvc.com |
| Footnotes / references [1] | |
Qiming Venture Partners (Qiming; 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.[2][3] It is an early investor in ByteDance, Xiaomi, Meituan, and Bilibili.[2][4][5] According to South China Morning Post, from January 2019 to May 2020, it was the seventh-most active venture capital firm in China.[6]
Background
[edit]Qiming was founded in 2006 by Gary Rieschel and Duane Kuang.[2][7] Rieschel and Kuang were previously with Softbank and Intel Capital respectively.[8] Nisa Leung joined the firm that year and would become its managing partner. [9]
Qiming focuses on investments in China.[5][7] Investors include Princeton University, Duke University and the Robert Wood Johnson Foundation.[7]
In 2017, the firm set up its American branch, Qiming Venture Partners (USA).[10]
In February 2025, Leung stepped down from her position as managing partner of Qiming in what was seen as a leadership change in the firm.[11]
References
[edit]- ^ "Form ADV" (PDF). SEC. Archived (PDF) from the original on 24 November 2022. Retrieved 24 November 2022.
- ^ 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.
- ^ 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.
- ^ Zhang, Jane (11 July 2022). "Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back". Bloomberg.com. Archived from the original on 15 November 2023. Retrieved 11 July 2022.
- ^ a b Chen, Eliot (10 April 2022). "Who is Qiming Venture Partners?". The Wire China. Archived from the original on 11 April 2022. Retrieved 23 June 2022.
- ^ "China Internet Report 2020" (PDF). 9 February 2023. Archived from the original (PDF) on 9 February 2023. Retrieved 11 February 2023.
- ^ a b c Oster, Shai (8 February 2016). "China Venture Firm Raises $648 Million From Princeton, Duke". Bloomberg.com. Archived from the original on 6 May 2021. Retrieved 3 July 2023.
- ^ 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.
- ^ Smith, Martin (24 August 2018). "Investing in China: It's Still "the Wild, Wild West"". Stanford Graduate School of Business. Retrieved 28 March 2025.
- ^ "启明创投荣获2019新浪飞亚奖最佳大湾区投资机构". Sina. 26 May 2019. Retrieved 28 March 2025.
- ^ Xue, Yujie (18 February 2025). "Chinese venture capitalist Nisa Leung leaves Qiming after 19-year stint". South China Morning Post. Retrieved 28 March 2025.
External links
[edit]- www.qimingvc.com (Company Website)
