Qiming Venture Partners
Tech crunch: Bridging the Series A gap
On both sides of the Pacific, the venture capital industry is suffering from a dearth in Series A funding. How widespread is the problem and who is most affected?
PE-backed Xiaomi gets 10% of Kingsoft’s cloud computing unit
Chinese smart phone maker Xiaomi has agreed to purchase a 10% stake in Kingsoft Cloud Group, a unit of Chinese software maker Kingsoft, for $1.82 million in total.
Asia Awards: VC Deal of the Year – Xiaomi
The hugely successful launch of Xiaomi’s smart phone, and the subsequent $216 million Series C round, justified Morningside Technologies and Qiming Venture Partners’ early faith in the Chinese company
VC tackles China dining: Fast food, quicker expansion
Qiming Venture Partners decided to create a China casual dining chain from scratch in order to replicate an outsourcing model that has worked in other industries. Cloud 9 is now aggressively building out its network
LionRock leads $11m round for Chinese casual dining chain
LionRock Capital has led an $11.5 million Series C funding round for YPX Cayman Holdings, which operates the Cloud 9 casual dining chain in China. Existing investors Qiming Venture Partners and Ignition Capital also participated.
Bain Capital wins Firm of the Year at 2012 AVCJ Awards
12th AVCJ Asia Awards: CVC’s Roy Kuan named PE Professional of the Year; Morgan Stanley Private Equity Asia takes Private Equity Deal of the Year; Inter-Asia’s Lewis Rutherfurd wins special achievement honor
VCs invest $1.2m in Japanese website Retty
GREE ventures, NTT investment Partners and Mitsubishi UFJ Capital have jointly invested JPY100 million ($1.2 million) into Retty, a Japanese social restaurant guide.
TA, Qiming, Ignition invest in Chinese online game developer
TA Associates, Qiming Venture Partners and Ignition Capital Partners have purchased a significant minority stake in Chinese online gaming company Forgame Tech. Terms of the investment were not disclosed.
Endowments: Still gold standard?
North American endowments took a beating during the financial crisis and the recovery process has been slow. But they retain the ability to uncover high-quality GPs, in the US and beyond
AVCJ China Awards: VC Deal of the Year – Dianping.com
As China’s leading restaurant reviews website, Dianping.com has developed a business model that is difficult for others to replicate. VC backers TrustBridge, Lightspeed, Sequoia and Qiming don’t expect this to change
Qiming invests $15 million in TutorGroup
Qiming Venture Partners has invested $15 million in Chinese online language tutoring company TutorGroup. The capital will be used to expand the company's service delivery capacity throughout the country.
Touchmedia secures new round of VC financing
Chinese marketing platform Touchmedia has completed its latest round of financing, led by affiliates of the company's CEO along with new and existing VC backers. Qiming Venture Partners, TLC Capital and Mustang Ventures are among the existing investors...
Asian investors back eco-fuels producer LanzaTech
The Malaysian Life Sciences Capital Fund led a $55 million Series C round of financing for low-carbon fuels producer LanzaTech. Petronas Technology Ventures and Dialog Group, also Malaysian firms, participated in the round, as did existing investors Khosla...
Smartphone maker Xiaomi secures $90m in VC funding
Chinese smartphone startup Xiaomi Technology has raised $90 million in funding, which values the company at $1 billion. Existing investors Morningside Technologies, Qiming Ventures and IDG Ventures participated in the financing round as well as new participants...
Qiming leads $10m Series A round for Appconomy
Qiming Ventures has led a $10 million Series A round of equity and debt funding in mobile application developer Appconomy. The funds will be used to accelerate the firm’s expansion in China.
PE firms back Chinese Wonton restaurant chain
Qiming Ventures, Hotung Investment and Mitsui Global Investment have committed $20 million in Series B funding to YPX Cayman Holdings, which operates casual food and beverage chain Cloud 9. The company also received personal investments from the founders...
Vancl aims high for US IPO
VC-backed e-commerce retailer Vancl is the latest digital player in the PRC looking to strike it rich on an American bourse, targeting a $1 billion raise and the title of the biggest IPO by a Chinese internet company.
Private equity goes primetime in China
Stunning exits, robust investments and record fundraising is transforming China into private equity’s biggest opportunity
Qiming closes Fund III at $450 Million
Qiming Venture Partners has announced that it has closed its Qiming Ventures Fund III vehicle at $450 million. The close will bring Qiming's assets under management exceed $1 billion dollars from its debut in 2006.
China-focused VCs invest in oncology research firm
Oncology and R&D-focused Crown Bioscience has completed a $28.8 million Series C round of financing, led by OrbiMed Advisors Caduceus Asia Partners Fund. China-based Qiming Venture Partners and CRCI, both existing investors, also participated, as well...
Silicon Valley is back as China motors on
Two years ago Silicon Valley was preoccupied with the financial crisis. From Q2 2008- 2009, there was one IPO. VCs were looking at projects in the alternative energy, cleantech and life sciences spaces. “Social networking” was a known but unappreciated...
The changing face of venture
With the US back on the radar as the market of choice for the best and brightest in TMT, where do Asian companies fit into the picture, and how are VC funds finding them early enough to make a profit?
VC-backed ChinaCache goes for NASDAQ IPO
Venture capital-backed ChinaCache International Holdings, which claims to be China's largest online content delivery service provider, has applied for an IPO on NASDAQ, promising a liquidity event for investors including Intel Capital and Qiming Venture...
Goldman Sachs-led consortium injects another $70 million in PRC rent-a-car business
Goldman Sachs Group has reportedly led a consortium of growth-capital investors to inject $70 million in eHi Car Rental Co., a Shanghai-based car rental chain operator which recently raised around RMB1 billion ($147 million) from investor groups, including...