China’s Qiming Venture Partners files to raise $1.4b for new fund

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Qiming Venture Partners, a venture capital (VC) firm that has backed some of China’s biggest tech companies, has filed with the US Securities and Exchange Commission to raise $1.4 billion for a new fund.

The filing, signed by the firm’s founding managing partner Duane Kuang, comes less than two years after Qiming raised $1.2 billion in total commitments for Qiming Venture Partners Fund VII.

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