Chinese VC major Qiming holds final close of seventh RMB fund at $928m

Chinese VC major Qiming holds final close of seventh RMB fund at $928m

Shanghai, China. Photo by Liam Li on Unsplash

Qiming Venture Partners, the Chinese venture capital (VC) firm that has invested in the country’s smartphone maker Xiaomi Corp and food delivery giant Meituan, on Thursday announced that it has hit the final close of a new Chinese yuan fund at 6.5 billion yuan ($928.3 million).

Edited by: Padma Priya

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