Qiming Venture Partners closes latest fund on $441M

Qiming Venture Partners has closed its RMB Fund VI on 2.85 billion yuan (about $441 million). Founded in 2006, Qiming manages some $5.9 billion in assets across several US dollar- and yuan-denominated funds. The firm, which typically targets companies in the healthcare and technology, media and telecom industries, is a former backer of personal electronics company Xiaomi, ecommerce platform provider Meituan, and video-sharing website Bilibili.

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