Qiming Venture Partners
MUFG invests $200m in Indonesia fintech player Akulaku
Akulaku, an Indonesia-based digital finance platform that has raised several rounds of venture capital funding, has received a USD 200m investment from Japan’s Mitsubishi UFJ Financial Group (MUFG).
China's Inspiration Capital closes Fund II on $82m
Inspiration Capital, a spinout from Qiming Venture Partners, has raised CNY 600m (USD 82m) for its second renminbi-denominated fund focused on cleantech and advanced manufacturing investments in China.
China used goods platform Plum gets $100m Series C
Plum, a China-based online retailer specialising in second-hand apparel and accessories, has raised USD 100m series C funding led by Zhuanzhuan Group, another used goods marketplace.
Qiming leads Series C for China 3D dental printing start-up
Prismlab, a China-based 3D printing company specialising in dental applications, has raised CNY 200m (USD 29m) in Series C funding led by Qiming Venture Partners.
Baidu-backed autonomous truck developer raises $67m
DeepWay, an intelligent driving solutions provider for trucks established by Baidu, has raised a Series A round of CNY 460m (USD 67m) led by Qiming Venture Partners.
China biotech company GluBio raises $22m
China and US-based GluBio Therapeutics, which develops targeted protein degradation (TPD) drugs, has raised an extended Series A round of USD22m led by Qiming Venture Partners.
Qiming, Quan lead $120m Series B for China's OriCell
Qiming Venture Partners and Quan Capital have led a USD 120m Series B round for OriCell Therapeutics, a China-based drug developer that is working on CAR-T cell therapies that target cancer.
China VCs flock to nine-month-old CPU chip designer
Cix Technology, a China-based supplier of CPU chips, has raised a pre-Series-A funding round led by Nio Capital and Qiming Venture Partners. The size was not disclosed but the company claims to have raised USD 100m since inception.
Fund focus: Qiming picks its moment
China’s Qiming Venture Partners more than doubled its fund size from the previous vintage, having launched the vehicle prior to the recent chaos and leveraged LP demand for the familiar
Qiming raises $3.2b across dollar, renminbi funds
China-focused VC firm Qiming Venture Partners has closed its eighth US dollar-denominated fund at the hard cap of USD 2.5bn – more than twice the size of the previous vintage – and raised CNY 4.7bn (USD 701m) for its latest renminbi vehicle.
China biotech: End of the boom
PE investment in China biotech has collapsed amid failed IPO processes and disputed valuations. Pockets of activity remain, though questions around commercialisation have yet to be answered
China's Insilico Medicine gets $60m Series D
Insilico Medicine, a China-based artificial intelligence (AI)-driven drug discovery company, has raised a USD 60 million Series D round.
Deal focus: Bud puts content creators first
GGV Capital first backed Bud before the founders had a market-ready product. Now the company has closed a Series B round and is looking to take its user-generated content tools into more markets
Singapore metaverse platform Bud raises $36.8m
Singapore-based metaverse user generated content (UGC) platform Bud has raised a Series B round of USD 36.8m led by Sequoia Capital India.
Deal focus: Medilink chases global ADC opportunity
The Medilink Therapeutics team spun out from Kelun-Biotech to develop antibody drug conjugates capable of competing with the world’s best. Its USD 70m Series B will support the pursuit of this goal
Lyfe, Qiming lead Series B for China ADC player Medilink
Suzhou Medilink Therapeutics, a Chinese biotech company specializing in antibody-drug conjugates (ADCs) commonly used as targeted therapies for treating cancer, has raised a USD 70m Series B led by Lyfe Capital and Qiming Venture Partners.
China's Qiming recruits partner from LACERA
David Chu, formerly of Los Angeles County Employees Retirement Association (LACERA), has become a partner at China-based Qiming Venture Partners with responsibility for fundraising and investor relations.
SE Asia commerce finance platform Akulaku gets $100m
Akulaku, an Indonesia-based digital finance platform backed by the likes of Qiming Venture Partners and Sequoia Capital India, has received a USD 100m investment from Thailand’s Siam Commercial Bank (SCB).
Indonesia's AC Ventures hires Helen Wong as venture partner
Helen Wong, previously a China and Southeast Asia-focused partner at GGV Ventures and Qiming Venture Partners, has joined Indonesia’s AC Ventures as a senior advisor and venture partner.
China 5G chip designer Eigencomm raises $157m
SoftBank Vision Fund II has led a CNY 1bn (USD 157m) Series C for Shanghai-based chipmaker Eigencomm, with participation from new investors Cathay Capital, CoStone Capital, Chobe Capital, and GF Qianhe, a unit of GF Securities.
Goldman, Sofina lead Series C for China CDMO Zhenge
Goldman Sachs Asset Management and Sofina have led a USD 100m Series C round for Zhenge Biotech, a Shanghai-based contract development and manufacturing organisation (CDMO).