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Qiming Venture Partners closes Fund V at USD648m

Chinese venture capital firm Qiming Venture Partners (Qiming) has held the closing of Fund V, its fifth US Dollar venture capital fund with USD648 million in commitments.

This fund continues Qiming's strategy of funding innovations through outstanding Chinese entrepreneurs in the Information Technology, Internet and Consumer (Intersumer), Healthcare, and Cleantech sectors. Qiming's assets under management now is USD2.5 billion after its debut in 2006.
Qiming's portfolio includes over 160 investments distributed among its targeted sectors. Qiming Venture Partners invests in early-stage and expansion-stage deals, with over 50% of its investments in early stage companies.
Qiming takes great pride in its investment team. Managing Partners Duane Kuang, JP Gan, Gary Rieschel, Nisa Leung, and William Hu are all recognized leaders in their respective areas and within the venture capital community. They are proud to be joined by Partners Yong Zhang, Grace Lee, Janet Yu, Helen Wong, Jing Wu and Kuantai Yeh as the leadership team for Qiming. In addition, with this fund closing, Peter Yin, Stella Zhou, Shiyu Wang, and Jay Yin join the senior investment team as Principals. This team's stability is a clear differentiator in China among both entrepreneurs and limited partners.
There are currently over 50 staff within the firm, and all the senior team members have the combination of investing and operating experience coveted by today's Chinese entrepreneurs.
"Congratulations to Qiming on the successful closing of the fifth US dollar Fund!" says Zhang Tao, the Founder of and the Chairman of China Internet Plus Holdings Ltd. (merged entity of Meituan and Dianping). "We have enjoyed working with Qiming over the years, and we really appreciate Qiming's support and strategic insight.”
Jim Millar, Managing Director at Princeton University Investment Company, says: "Qiming has built a strong reputation as a leading venture capital firm in China and is notable for its partnership-oriented culture, both within the firm and with entrepreneurs. We are proud to have partnered with Qiming from the very beginning as its anchor investor."
Ed Grefenstette, President and CIO of The Dietrich Foundation, says: "Today's venture market in China presents more opportunities and challenges than ever. Qiming enjoys that rare combination of extraordinary talent, experience and discipline. That's why we believe they'll continue their remarkable success."


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