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# China's Qiming Venture Partners secures $3.2 billion in funding
- URL: https://www.techloy.com/chinas-qiming-venture-partners-secures-3-2-billion-in-funding/
- Published: 2022-07-11T12:07:30.000Z
- Updated: 2022-12-08T01:22:01.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, Tech in China

Shanghai-headquartered venture capital firm, [Qiming Venture Partners,](https://www.qimingvc.com/en) has secured $3.2 billion in its latest fundraise.

- The fund was raised as $2.5 billion in Fund VIII and $700 million in Fund VII.
- The VC firm has invested in more than 480 companies with 70 becoming unicorns.
- Its portfolio includes Xiaomi, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, APT Medical, Meituan, Bilibili, and Roborock.
- Gary Rieschel founded Qiming in 2006 in Shanghai and the firm has raised $9.6 billion to date.