China’s Qiming Venture raises $1.39b for three new VC funds

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

Chinese venture capital firm Qiming Venture Partners has announced the successful close of three new funds totaling $1.39 billion, with focus on investing in Chinese and US tech and healthcare firms.

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