Qiming appoints Steven Hu as partner

Hu first joined Qiming in 2009 as the firm’s first staff member based in Beijing. He was promoted to partner in 2011 before leaving the firm in 2013 to take up a role as CEO at Shenzhen-listed mobile games developer Ourpalm.

"Over the past four years, I felt that I had never left Qiming,” Hu said in a statement. “It was a simple and fantastic decision to come back.”

Hu has 15 years of experience in China’s consumer-internet space and is regarded as a pioneer in the mobile gaming segment. Prior to his time with Qiming, he worked with a number of publicly listed internet companies with gaming operations in China, including Kongzhong, Sohu, and Sina.

Qiming said Hu’s background in both the investment and business operation ends of the sector represented a unique advantage as a venture capitalist. Hu’s experience as an investor includes involvement in deals for Xiaomi, a software and electronics company estimated to value $46 billion, and Bilibili, an animation streaming platform that completed a $483 million IPO last month.

Qiming has offices in Shanghai, Beijing, Suzhou, Shenzhen, and Hong Kong, and manages six US dollar funds and five renminbi funds with $4 billion of assets under management in China. The firm claims to have backed more than 210 start-ups in the internet, consumer, healthcare, IT, and cleantech sectors since 2006. More than 30 of these are said to have listed on public exchanges.

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