Qiming Venture Partners Explained

Qiming Venture Partners
Native Name:啟明創投
Type:Private
Industry:Venture Capital
Foundation:2006
Founder:Gary Rieschel
Duane Kuang
Location:Jin Mao Tower, Shanghai, China
Key People:Nisa Leung (Managing Partner)[1]
Products:Investments
Aum:US$9.5 billion
Homepage:www.qimingvc.com
Footnotes:[2]

Qiming Venture Partners 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.[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

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

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.

External links

Notes and References

  1. Web site: China venture capital deal-making shows green shoots of recovery . South China Morning Post . en . 9 April 2020 . 23 June 2022 . 23 June 2022 . https://web.archive.org/web/20220623130537/https://www.scmp.com/business/banking-finance/article/3079271/china-venture-capital-deal-making-shows-green-shoots . live .
  2. Web site: Form ADV . SEC . 24 November 2022 . 24 November 2022 . https://web.archive.org/web/20221124133710/https://reports.adviserinfo.sec.gov/reports/ADV/160844/PDF/160844.pdf . live .
  3. News: 27 February 2019 . Sequoia's China Rival Targets Drug Startups That Can Go Global . en . Bloomberg.com . 15 July 2023 . 31 March 2019 . 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 . live .
  4. News: Deng . Chao . 12 December 2012 . Why Chinese Startup Investor Qiming Is Bullish for 2013 . en-US . Wall Street Journal . 15 July 2023 . 0099-9660 . 15 July 2023 . https://web.archive.org/web/20230715025604/https://www.wsj.com/articles/DJFVW00020121212e8ccakty5 . live .
  5. Web site: Early Xiaomi Backer Raises $3.2 Billion as China VCs Bounce Back . Bloomberg.com . en . 11 July 2022 . 11 July 2022 . 15 November 2023 . 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 . live .
  6. Web site: Who is Qiming Venture Partners? . The Wire China . 10 April 2022 . 23 June 2022 . 11 April 2022 . https://web.archive.org/web/20220411003841/https://www.thewirechina.com/2022/04/10/who-is-qiming-venture-partners/ . live .
  7. Web site: 9 February 2023 . China Internet Report 2020 . https://web.archive.org/web/20230209141150/http://www.invest-data.com/eWebEditor/uploadfile/2020073009440911236297.pdf . 9 February 2023 . 11 February 2023.
  8. Web site: Flannery . Russell . Homeward Bound Gary Rieschel Talks About China VC, Huawei And Colliding Garbage Trucks . 20 January 2023 . Forbes . en . 20 January 2023 . 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/ . live .
  9. Web site: Flannery . Russell . New Fund, New IPOs: The Era Of Successful China VC Investing Hasn't Ended Here . 20 January 2023 . Forbes . en . 20 January 2023 . https://web.archive.org/web/20230120181141/https://www.forbes.com/sites/russellflannery/2020/05/14/new-fund-new-ipos-the-era-of-successful-china-vc-investing-hasnt-ended-here/ . live .
  10. News: 8 February 2016 . China Venture Firm Raises $648 Million From Princeton, Duke . en . Bloomberg.com . 3 July 2023 . 6 May 2021 . https://web.archive.org/web/20210506102225/http://www.bloomberg.com/news/articles/2016-02-08/china-venture-firm-raises-648-million-from-princeton-duke . live .
  11. Web site: Qiming Venture Partners Investor Profile: Portfolio & Exits PitchBook. 24 February 2021. pitchbook.com. en. 2 December 2020. https://web.archive.org/web/20201202132441/https://pitchbook.com/profiles/investor/11278-54. live.
  12. Web site: The Chaoui Fellowship @ Qiming Venture Partners USA . 15 July 2023 . careernavigator.gradeducation.hms.harvard.edu . en . 15 July 2023 . https://web.archive.org/web/20230715025601/https://careernavigator.gradeducation.hms.harvard.edu/news/chaoui-fellowship-qiming-venture-partners-usa . live .

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