Qiming Venture Partners
Alibaba, Temasek, Qiming pump $100m into China's TutorGroup
Alibaba Group, Temasek Holdings and existing backer Qiming Venture Partners have invested $100 million in a Series B round of funding for TutorGroup, a China-based online education service provider.
Xiaomi’s Lei Jun leads $100m round China’s Vancl – update
Lei Jun, Chinese super angle and co-founder of smart phone maker Xiaomi, has led a $100 million round for Vancl, China’s largest online clothing retailer. Existing investors Temasek Holdings, IDG Capital Partners, Ceyuan Ventures and SAIF Partners also...
Qiming hires ex-GGV partner to cover consumer internet space
Qiming Venture Partners has hired Helen Wong, formerly of GGV Capital, as a partner with responsibility for investment in the internet and consumer sectors. The move comes a few months after her predecessor in the role, Hans Tung, left Qiming for GGV.
China online video: Big fish, small fish
As Chinese online video consumers switch to mobile platforms, venture capital investors are looking for ways to ride the wave – but they must do it with one eye on strategic players also entering the space
Qiming invests in traditional Chinese medicine business
Qiming Venture Partners has committed a Series A round of funding to Jun He Tang, a traditional Chinese medicine business. Financial terms were not disclosed.
Ex-Qiming partner Hans Tung joins GGV Capital
Hans Tung, formerly Beijing managing partner at Qiming Venture Partners, has become a partner at GGV Capital. He is based in Silicon Valley but will be part of GGV’s single team that invests across the US and China.
VC-backed Forgame raises $206m in HK IPO
Forgame Holdings, a Chinese mobile game developer backed by several VC firms, saw its stocks jump 32.4% to HK$67.50 ($8.7) a share on its first day trading following its $206 million Hong Kong IPO yesterday.
Tech IPOs: An issue of control
Alibaba Group wants the Hong Kong Stock Exchange to permit a bespoke IPO structure that would allow management to retain board control. By refusing, is the bourse going to forgo more China tech business?
VC-backed Forgame targets $222m Hong Kong IPO
Forgame Holdings, a Guangzhou-based mobile game developer backed by several VC firms, plans to raise at least $222 million through an IPO in Hong Kong.
Hans Tung leaves China VC firm Qiming for the US
Hans Tung, Beijing-based managing partner at Qiming Venture Partners, has left the firm. AVCJ understands the departure was amicable, driven by Tung’s desire to relocate to the US for family reasons. He has yet to join a new firm.
Qiming invests in China mobile games developer Cachejoy
Qiming Venture Partners has invested in a Series B round of funding for Cachejoy, a Chinese mobile gaming developer also known as Beijing Tiangua Online Technology. The size of the round was not disclosed.
Chinese mobile retailer Xiaomi tipped for new round
Xiaomi, a Chinese smart phone brand founded by angel investor Lei Jun, is finalizing a new round of funding that is expected to value the company at $10 billion.
Financial technology: The new normal
Initiatives are in place to make private equity reporting faster, more detailed and completely standardized. Are the guidelines a good fit for the industry in Asia and what are GPs doing to meet them?
China pollution control business gets $20m Series C round
Invesco WLR Private Equity and Keynote Ventures have led a $20 million Series C round funding for LP Amina, an US-based energy and environmental solutions provider. Existing investors Qiming Venture Partners and Hao Capital also participated.
2Q analysis: China in the spotlight
All is not well for China PE investment with one big deal disguising a period of relative inactivity; China exits, on the other hand, are prospering; and Asia PE fundraising is, of course, struggling
Qiming promotes Nisa Leung to managing partner
Qiming Venture Partners has promoted Nisa Leung, the head of its healthcare practice, to managing partner.
AVCJ China Awards: VC Professional of the Year – Lei Jun
Twenty years ago, Lei Jun joined Chinese software company Kingsoft and dedicated himself to developing its flagship product, WAP Office, a word processing system primed to challenge Microsoft’s mid-1990s offering. It lost.
China e-commerce logistics: The missing link
China’s fragmented logistics industry is a problem for e-commerce companies as they attempt to provide customers with a better quality service. Should they build competencies in house? Should PE help them?
Survival of the fittest: China's internet giants go toe to toe
China's internet giants are on an acquisition spree as they seek to diversify their product platforms and carve out competitive positions in a battle that is likely to see valuations rise and rise
Baidu buys VC-backed PPS’ online video platform
Baidu has agreed to pay $370 million for PPS’ online video business, creating an exit opportunity for the company’s venture capital backers. Ceyuan Ventures, Qiming Venture Partners and Vision Knight Capital have invested in PPStream in the last seven...
China's VIEs: A political football
The investment structure that has underpinned foreign investment in China’s internet and telecom sectors is being questioned by investors and regulators. Is the VIE dead and, if so, what could replace it?
Qiming, KPCB lead $21.3m Series C investment in Origene
Qiming Venture Partners and KPCB China have led $21.3 million of Series C funding in OriGene Technologies, a biotech company based in the US and China.
China e-commerce: End of the line
Burning through cash and with no public market exit in site, many of China’s e-commerce players are losing the confidence of their investors. New rounds of funding come at depressed valuations – if they come at all
China vacation homes rental start-up gets Series B funding - Update
Tujia.com, China’s first online vacation homes rental service, has secured a Series B round of financing led by GGV Capital. Lightspeed China Partners, CDH Investments, Qiming Venture Partners, CBC Capital also participated alongside strategic investors...