Qiming hits $930m final close on latest renminbi fund
Qiming Venture Partners has closed its seventh renminbi-denominated fund on CNY 6.5bn (USD 930m), marking what it claims is China's largest local currency fundraise of 2023 to date
Last year, when the venture capital firm announced a final close of USD 2.5bn on its eighth US dollar fund, it was revealed that CNY 4.7bn has been raised for the latest renminbi vehicle. Though not clearly...
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