Click here to close now.


News Feed Item

Qiming Venture Partners Announced the Successful Closing of Fund IV at $500 Million

SHANGHAI, April 10, 2014 /PRNewswire/ -- Qiming Venture Partners announced today that it had closed Fund IV at $500 million. This fund continues Qiming's strategy of funding innovations through outstanding Chinese entrepreneurs in the Information Technology, Consumer and Internet, Healthcare, and Cleantech sectors. Qiming's assets under management now exceed $1.6 billion after its debut in 2006.

Qiming's portfolio includes over 70 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's initial investment in a portfolio company ranges from $500K to $30 million.  

Qiming takes great pride in its investment team. Managing Partners Duane Kuang, JP Gan, Gary Rieschel and Nisa Lin are all recognized leaders in their respective areas and within the venture capital community. They are proud to be joined by Partners William Hu, Yong Zhang, Grace Lee, Helen Wong, Jing Wu and Janet Yu as the leadership team for Qiming. This team's stability is a clear differentiator in China among both entrepreneurs and limited partners.

There are currently over 40 staff within the firm, and all the senior team members have the combination of investing and operating experience coveted by today's Chinese entrepreneurs. 

Current Qiming portfolio companies include:

  • Xiaomi, one of the fastest growing companies in history and a leading smartphone and application developer in China
  • Tigermed (SZSE: 300347 -- IPO Q3 2012), China's leading clinical research organization
  • China Cache (NASDAQ: CCIH -- IPO Q4 2010), China's leading content delivery network provider
  • Jiayuan (NASDAQ: DATE -- IPO Q2 2011), China's leading online dating site
  • Taomee, (NYSE: TAOM -- IPO Q2 2011), a leading children's entertainment site in China
  • Forgame (HKEx: 484 -- IPO Q3 2013), a leading online gaming company in China
  •, one of the largest online video platforms in China, merged with iQiyi/Baidu
  • Citic Pharma, a leading drug distributor in China, acquired by Shanghai Pharma 
  • Dianping, a leading dining and lifestyle information site in China
  • eHi, a leading car rental company in China
  • Alltech Medical, a leading domestic MRI systems company
  • Arrail Dental, a leading domestic dental service provider
  • Gan and Lee, China's leading analog insulin company
  • Hexing, a leading power meter company in China
  • LP Amina, a leading company in coal fired power plant efficiency and emissions
  • Lanzatech, a leading biofuels company (along with its JV Partner, Bao Steel Industrial Gases)
  • TutorABC, a leading online education platform in Taiwan and China
  • Mogujie, a leading female social e-commerce community in China
  • Meitu, a leading photo editing and self-photographing application developer and hardware designer in China

Among many other great companies.

Sunil Gottipati, Investment Director at Princeton University Investment Company, described Princeton's relationship with Qiming as follows: "We have developed an excellent working relationship with Qiming from the very beginning as its lead investor and believe it is now one of China's best venture capital firms."

Ed Grefenstette, President and CIO of The Dietrich Foundation, said, "Qiming's development has been extraordinary, and the firm represents many best-in-class practices within the venture capital community in China."

Most of the LPs in Qiming IV are returning LPs from prior Qiming funds, including Princeton University, Robert Wood Johnson Foundation, New York University, Pantheon, Commonfund, Emerald Hill, UTIMCO ("University of Texas Investment Management Company"), Mayo Clinic and Dietrich Foundation etc..  There are four new investors in Fund IV including MIT and University of Pittsburgh Medical Center.    

SOURCE Qiming Venture Partners

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
We all know that data growth is exploding and storage budgets are shrinking. Instead of showing you charts on about how much data there is, in his General Session at 17th Cloud Expo, Scott Cleland, Senior Director of Product Marketing at HGST, showed how to capture all of your data in one place. After you have your data under control, you can then analyze it in one place, saving time and resources.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, explored the IoT cloud-based platform technologies driving t...
As organizations shift towards IT-as-a-service models, the need for managing & protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection & E-Discovery of your data - whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise.
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
Internet of @ThingsExpo, taking place June 7-9, 2016 at Javits Center, New York City and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, rich desktop and tuned mobile experiences can now be created with a single codebase – without compromising functionality, performance or usability. In his session at DevOps Su...
As organizations realize the scope of the Internet of Things, gaining key insights from Big Data, through the use of advanced analytics, becomes crucial. However, IoT also creates the need for petabyte scale storage of data from millions of devices. A new type of Storage is required which seamlessly integrates robust data analytics with massive scale. These storage systems will act as “smart systems” provide in-place analytics that speed discovery and enable businesses to quickly derive meaningf...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
The buzz continues for cloud, data analytics and the Internet of Things (IoT) and their collective impact across all industries. But a new conversation is emerging - how do companies use industry disruption and technology enablers to lead in markets undergoing change, uncertainty and ambiguity? Organizations of all sizes need to evolve and transform, often under massive pressure, as industry lines blur and merge and traditional business models are assaulted and turned upside down. In this new da...
In his General Session at 17th Cloud Expo, Bruce Swann, Senior Product Marketing Manager for Adobe Campaign, explored the key ingredients of cross-channel marketing in a digital world. Learn how the Adobe Marketing Cloud can help marketers embrace opportunities for personalized, relevant and real-time customer engagement across offline (direct mail, point of sale, call center) and digital (email, website, SMS, mobile apps, social networks, connected objects).
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...