Qiming Venture Partners
{{Short description|China Venture Capital Firm}}
{{Use dmy dates|date=December 2023}}
{{Infobox company
| name = Qiming Venture Partners
| native_name = 啟明創投
| logo = Qiming Venture Partners.svg
| type = Private
| industry = Venture Capital
| predecessor =
| foundation = {{start date and age|2006}}
| founders = Gary Rieschel
Duane Kuang
| location = Jin Mao Tower, Shanghai, China
| key_people =
| products = Investments
| aum = US$9.5 billion ({{small|August 2024}})
| assets =
| homepage = [https://www.qimingvc.com www.qimingvc.com]
}}
Qiming Venture Partners (Qiming; {{Zh|c=|p=Qǐmíng chuàngtóu|s=|t=啟明創投}}) is a China-based venture capital firm. It primarily invests in technology, Internet and healthcare-related companies across China.{{Cite news |date=27 February 2019 |title=Sequoia's China Rival Targets Drug Startups That Can Go Global |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2019-02-27/sequoia-s-china-rival-targets-drug-startups-that-can-go-global |access-date=15 July 2023 |archive-date=31 March 2019 |archive-url=https://web.archive.org/web/20190331011534/https://www.bloomberg.com/news/articles/2019-02-27/sequoia-s-china-rival-targets-drug-startups-that-can-go-global |url-status=live }}{{Cite news |last=Deng |first=Chao |date=12 December 2012 |title=Why Chinese Startup Investor Qiming Is Bullish for 2013 |language=en-US |work=Wall Street Journal |url=http://www.wsj.com/articles/DJFVW00020121212e8ccakty5 |access-date=15 July 2023 |issn=0099-9660 |archive-date=15 July 2023 |archive-url=https://web.archive.org/web/20230715025604/https://www.wsj.com/articles/DJFVW00020121212e8ccakty5 |url-status=live }} It is an early investor in ByteDance, Xiaomi, Meituan, and Bilibili.{{cite web |last=Zhang |first=Jane |date=11 July 2022 |title=Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back |url=https://www.bloomberg.com/news/articles/2022-07-11/early-xiaomi-backer-raises-3-2-billion-as-china-vcs-bounce-back |url-status=live |archive-url=https://web.archive.org/web/20231115003225/https://www.bloomberg.com/news/articles/2022-07-11/early-xiaomi-backer-raises-3-2-billion-as-china-vcs-bounce-back |archive-date=15 November 2023 |access-date=11 July 2022 |website=Bloomberg.com |language=en}}{{cite web |last=Chen |first=Eliot |date=10 April 2022 |title=Who is Qiming Venture Partners? |url=https://www.thewirechina.com/2022/04/10/who-is-qiming-venture-partners/ |url-status=live |archive-url=https://web.archive.org/web/20220411003841/https://www.thewirechina.com/2022/04/10/who-is-qiming-venture-partners/ |archive-date=11 April 2022 |access-date=23 June 2022 |website=The Wire China}} According to South China Morning Post, from January 2019 to May 2020, it was the seventh-most active venture capital firm in China.{{Cite web |date=9 February 2023 |title=China Internet Report 2020 |url=http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf |archive-url=https://web.archive.org/web/20230209141150/http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf |archive-date=9 February 2023 |access-date=11 February 2023}}
Background
Qiming was founded in 2006 by Gary Rieschel and Duane Kuang.{{Cite news |last=Oster |first=Shai |date=8 February 2016 |title=China Venture Firm Raises $648 Million From Princeton, Duke |url=https://www.bloomberg.com/news/articles/2016-02-08/china-venture-firm-raises-648-million-from-princeton-duke |url-status=live |archive-url=https://web.archive.org/web/20210506102225/http://www.bloomberg.com/news/articles/2016-02-08/china-venture-firm-raises-648-million-from-princeton-duke |archive-date=6 May 2021 |access-date=3 July 2023 |work=Bloomberg.com |language=en}} Rieschel and Kuang were previously with Softbank and Intel Capital respectively.{{Cite web |last=Flannery |first=Russell |title=Homeward Bound Gary Rieschel Talks About China VC, Huawei And Colliding Garbage Trucks |url=https://www.forbes.com/sites/russellflannery/2016/08/01/homeward-bound-gary-rieschel-talks-about-china-vc-huawei-and-colliding-garbage-trucks/ |url-status=live |archive-url=https://web.archive.org/web/20230120181139/https://www.forbes.com/sites/russellflannery/2016/08/01/homeward-bound-gary-rieschel-talks-about-china-vc-huawei-and-colliding-garbage-trucks/ |archive-date=20 January 2023 |access-date=20 January 2023 |website=Forbes |language=en}} Nisa Leung joined the firm that year and would become its managing partner. {{Cite web |last=Smith |first=Martin |date=2018-08-24 |title=Investing in China: It’s Still “the Wild, Wild West” |url=https://www.gsb.stanford.edu/insights/investing-china-its-still-wild-wild-west |access-date=2025-03-28 |website=Stanford Graduate School of Business |language=en}}
Qiming focuses on investments in China. Investors include Princeton University, Duke University and the Robert Wood Johnson Foundation.
In 2017, the firm set up its American branch, Qiming Venture Partners (USA).{{Cite web |last= |date=2019-05-26 |title=启明创投荣获2019新浪飞亚奖最佳大湾区投资机构 |url=https://finance.sina.com.cn/stock/hkstock/hkstocknews/2019-05-26/doc-ihvhiqay1513256.shtml |access-date=2025-03-28 |website=Sina}}
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.{{Cite web |last=Xue |first=Yujie |date=2025-02-18 |title=Chinese venture capitalist Nisa Leung leaves Qiming after 19-year stint |url=https://www.scmp.com/business/article/3298998/chinese-venture-capitalist-nisa-leung-leaves-qiming-after-19-year-stint |access-date=2025-03-28 |website=South China Morning Post |language=en}}
References
{{reflist}}
External links
- [https://www.qimingvc.com www.qimingvc.com] (Company Website)
{{Private equity and venture capital}}
{{authority control}}
Category:Financial services companies established in 2006