Qiming Venture Partners, a venture capital (VC) firm that has backed some of China’s biggest tech companies like smartphone maker Xiaomi, is reportedly in talks with US institutional investors in an attempt to raise over $1.2 billion for a new fund.
The update was first reported by The Information on Tuesday, citing three people familiar with the matter. Qiming declined to comment on the reported fundraising plan when contacted by DealStreetAsia.
