China: Qiming Venture Partners backs rehab institution LIH Investment

Qiming Venture Partners has invested an undisclosed amount in LIH Investment & Management, a Beijing-based rehabilitation medical institution, according to a company announcement.

Founded in 2013, LIH Investment both invests in and manages the rehabilitation facilities. So far, the company has established children’s specialized hospitals and clinics in Beijing, Shanghai and Shenzhen as well as a senior rehabilitation hospital in Kunming, Yunnan province.

Qiming’s investment will help the company expand partnerships with international rehabilitation organisations and set up more hospitals in second tier cities including Hangzhou and Chengdu over the next two years.

As part of the investment, Qiming’s managing partner Nisa Leung will join the company’s board.

Qiming, launched in 2006, is a leading Chinese venture capital firm with offices in Shanghai, Beijing, Suzhou and Hong Kong.

In January, it announced the closing of its fifth venture capital fund with $648 million in commitments. It backs Chinese entrepreneurs in IT, internet and consumer, healthcare and cleantech sectors.

To date, it manages five US dollar funds and three RMB funds with $2.5 billion assets under management. Its portfolio includes over 160 investments in early-stage and expansion-stage firms.

Also read:

China: Qiming Venture Partners closes tech-focussed fifth fund at $650m

China: Huami Technology in talks to raise new funding on $1b valuation

China: Linear Venture launches $70m dual-currency startup fund

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.