Hesai Technology
禾赛科技
Hesai Technology (NASDAQ: HSAI, 02525.HK) is a lidar maker and one of Qiming Venture Partners' portfolio companies, having joined its Series C in 2019 with follow-on in the Series D; it completed a dual primary listing on the Hong Kong Stock Exchange in September 2025 . Led by co-founder and CEO David Li (李一帆) , the company pivoted into robotaxi sensing in the second half of 2016, winning customers including Zoox, Aurora, Baidu Apollo, and WeRide, and has since scaled across the auto industry — per Qiming Venture Partners' reporting, by March 2026 it held production designations for over 160 vehicle models from 40 auto brands, covering all of China's top-ten selling brands, with its ATX refreshed model alone booking over 4 million units in orders . Its momentum has been striking: in November 2025 it became the world's first lidar company to cumulatively ship over 2 million units, holding a 47% share of China's main-lidar installations that September — its eighth consecutive month at number one . Beyond cars, Hesai has pushed into robotics with products like the JT-series mini 3D lidar and the ultra-high-channel ETX, striking partnerships with Grab as its exclusive Southeast Asia distributor, Meituan's drone unit, and embodied-AI players such as Vbot . ZhenFund was also an early backer .
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Coverage
A New Autumn Begins | Z News
Join us as we look back on August's highlights.
PHYMI Closes Nearly $100 Million Seed Round to Bring Physical Agents into Open, Dynamic Real-World Environments | Yunqi Partners
Building a Physical Agent for the Open, Dynamic, Real World
Qiming Venture Partners Donates to Support Rescue and Reconstruction Efforts After Tibet Gyirong Mudslide Disaster
Supporting the Tibet Autonomous Region Charity Federation in disaster relief and post-disaster reconstruction efforts, providing emergency rescue and long-term assistance to affected populations.
Qiming Venture Partners Weekly: Top 10 Portfolio Company Updates Vol. 28, Sep. 2, 2026
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Star | Mech-Mind, Global Leader in Robot Brains, Successfully Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
Qiming Venture Partners was the sole investor in Mech-Mind's Series A+ round in early 2019, and has been a partner to the company ever since.
Qiming Venture Partners' Alex Zhou: Robotics and Embodied AI Will Rise Over the Next Decade, with Quality Startup Opportunities Emerging Across the Supply Chain
In the robotics and Embodied Artificial Intelligence space, Qiming Venture Partners continues to closely track industry evolution and seize investment opportunities in line with market trends, but it does not simply chase hot topics.
Qiming Star | StepFun's Yibo Zhu: In the Agent Era, AI Infrastructure Must Optimize Intelligence, Speed, and Cost | WAIC 2026
In the Agent era, the core objective of AI infrastructure is shifting from merely reducing inference costs to simultaneously optimizing for intelligence, speed, and cost.
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Vol.27, 2026.8.26
Celebrating milestone moments with Qiming Venture Partners' portfolio companies.
Xinguang completes 100 million yuan angel round led by Qiming Venture Partners
Dedicated to providing core optical interconnect products and next-generation full-stack optical interconnect solutions for global AI computing clusters, with the aim of becoming the defining force in optical interconnect technology for the world's AI infrastructure.
Morning Star | Shengshu Technology's Luo Yihang: From Understanding Language to Understanding the World, General World Model Opens a New Chapter in AI Development | WAIC 2026
AI is moving from understanding and generating the digital world to understanding and acting in the physical world, and world models are the foundational infrastructure driving this transformation.
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Companies Vol.26, Aug. 18, 2026
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Star | Enginprime Medical Closes Nearly 100 Million Yuan Series A Round, Solely Invested by Qiming Venture Partners
J&T Global Express focuses on the percutaneous ventricular assist device (pVAD) track, dedicated to developing a new generation of small-size, high-flow ventricular assist systems.
Qiming Venture Partners' Alex Zhou: At the 'Everest Base Camp,' Foreseeing the Path to Kingship for AI Startups
Artificial intelligence is undergoing a profound shift from "bolt-on" to "built-in," from spectacle to commercial deployment.
Qiming Venture Partners and Portfolio Companies Win 2026 Golden Eagle Venture Capital and Sci-Tech Innovation Seedling Awards
Continuously identifying outstanding leaders in the venture capital and startup space, while witnessing entrepreneurial ventures grow from tender "new shoots" into towering trees.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.25, 2026.8.11
Following Qiming Venture Partners' portfolio companies as they hit milestone moments.
When AMD Acquires Taalas, a Chinese Company Decides to Etch AI Models into Silicon
The era of specialized inference compute has arrived.
Qiming Star | Chinese Chassis-by-Wire Leader Nexteer Technology Successfully Lists on Hong Kong Exchanges and Clearing Limited
Qiming Venture Partners co-led NaSen Technology's Series A round in 2018 and continued to back the company in its Series B round.
Qiming Star | Immune-Mediated Disease Leader Attovia Therapeutics Debuts on Nasdaq | Bilingual
Focused on developing next-generation biotherapeutics for immune-mediated diseases with significant unmet clinical needs.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.24, 2026.8.4
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Morning Star | Spotlight Moment! Qiming Venture Partners and Portfolio Companies Win Major Awards at WAIC 2026
Including the 2026 AI Person of the Year, the Yunfan Award, the WAIC Future Tech α³⁵ Young Leaders list, the World Artificial Intelligence Conference's highest honor — the SAIL Award — as well as the "Treasure of the Pavilion" and other major award winners.
Blue Emergence raises tens of millions of RMB in angel+ round co-led by Qiming Venture Partners
Ocean-tech consumer products company
Morning Star | A Look Back: The Exhibits and Talks You Couldn't Get Enough of at WAIC 2026
Several portfolio companies of Qiming Venture Partners demonstrated their technological innovation capabilities and growth potential through forums, core technology showcases, and thought leadership on cutting-edge trends.
Qiming Venture Partners | WAIC Qiming Venture Partners Entrepreneurship and Investment Forum—The Evolution from Computing Power Origin to Application Success Held in Shanghai
As one of the most forward-looking and influential venture capital firms in artificial intelligence, Qiming Venture Partners has hosted this forum for four consecutive years. It is also the only forum at this year's World Artificial Intelligence Conference initiated by a venture capital firm, designed to showcase and explore the latest breakthroughs in AI's evolution from underlying computing power to industrial application — all through the lens of innovation.
Livestream Registration | Today! 2026 WAIC Qiming Venture Partners Entrepreneurship and Investment Forum: The Evolutionary Journey from Computing Power Origin to Application Deployment
Decoding the Paradigm Shift in the LLM Era Together: How the Industry Can Move Beyond Pure Parameter Chasing to Ruthless Exploration of Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
One Day to Go: 2026 WAIC Qiming Venture Partners Entrepreneurship and Investment Forum — The Evolution From Computing Power to Application Set to Open
Decoding the Paradigm Shift in the LLM Era: How the Industry Can Move Beyond Pure Parameter Chasing Toward Ruthless Exploration of Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
2 Days to Go: 2026 WAIC Qiming Venture Partners Entrepreneurship and Investment Forum — The Evolution from Computing Power Origin to Application Deployment Set to Open
Decoding the Paradigm Shift in the LLM Era: How the Industry Can Move Beyond Parameter Chasing to Rigorously Explore Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
Guest Lineup Revealed | 2026 WAIC Qiming Venture Partners Entrepreneurship & Investment Forum: The Evolution from Computing Power Origin to Application Deployment
Decoding the Paradigm Shift in the Large Model Era: How the Industry Can Move Beyond Pure Parameter Chasing to Ruthless Exploration of Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
Agenda Unveiled | 2026 WAIC Qiming Venture Partners Entrepreneurship and Investment Forum: The Evolutionary Journey from Computing Power Origin to Application Landing
Decoding the Paradigm Shift in the LLM Era: How the Industry Can Move Beyond the Pursuit of Parameters to Ruthlessly Explore Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
Qiming Weekly | 10 Updates from Qiming Venture Partners Portfolio Vol.23, 2026.7.7
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies.
Registration Open | Qiming Venture Partners Entrepreneurship and Investment Forum at 2026 WAIC: The Evolutionary Journey from Computing Power Origins to Application Deployment
Decoding the Paradigm Shift in the LLM Era: How the Industry Can Move Beyond Pure Parameter Chasing Toward Relentless Exploration of Real-World Scenarios, Cost Efficiency, and Closed-Loop Business Models
ZhenFund angel project Lxson completes nearly 500 million RMB Pre-A funding round, launches home embodied intelligence brand "Zeroth"
Outstanding orders have surpassed 30,000 units, securing an early foothold at a critical entry point for home embodied intelligence.
Qiming Venture Partners Honored: Investor and Portfolio Founders Named to 36Kr Dark Current Waves 2026 36 Under 36 List
Spotlighting the transformative power of technology-driven industrial innovation, uncovering young leaders breaking through in deep-tech arenas like AI and advanced hardware.
Qiming Venture Partners Weekly | Top 10 Portfolio Company Updates Vol.22, June 30, 2026
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners and Its Investors Named to 36Kr China Equity Investment Annual Lists
Time only rewards those who truly understand what they're doing.
ZhenFund angel project "YuanCe Future" (源策未来) has raised hundreds of millions of RMB in its Series A funding round, aiming to build the OpenAI of the humanoid robot era.
A University of Hong Kong professor has founded a startup to build a general-purpose, full-body embodied intelligence brain.
Qiming Weekly | Top 10 News from Qiming Venture Partners' Portfolio Companies Vol.21, 2026.6.23
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners' William Hu: Healthcare Investment Isn't About Hot or Cold Sectors—It's About Whether There's Enough Disruptive Potential
Someday, as China's economic and innovative strength grows, the value of Chinese entrepreneurs will naturally be reassessed.
Qiming Weekly | Qiming Venture Partners Portfolio News: Top 10 Updates Vol.20, June 16, 2026
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Qiming View | William Hu: Globalization of China's Healthcare Innovation Just Beginning, Will Be Investment Theme for Next 10-20 Years
China's healthcare innovation globalization has only just begun, and it will remain a sustained investment theme for the next 10-20 years.
Qiming Headlines: Intelligence Ignites the Future — Qiming Venture Partners' 17th RMB Fund Annual Meeting and Investor Summit Successfully Held in Shanghai
Qiming Venture Partners Maintains Investment Discipline, Proactively Captures Market Opportunities as Deal Flow Continues
Qiming Venture Partners Weekly | Top 10 Portfolio Company Updates Vol.19, June 9, 2026
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Dongsheng Fusion Raises $100 Million in New Funding Round, Co-Led by Qiming Venture Partners
J&T Global Express is committed to developing strong magnetic field compact fusion power plant technology using "deuterium-helium-3" as fuel.
Qiming View | Qiming Venture Partners' Kan Chen: Leading Two Consecutive Rounds for Ticen Biotech, Firmly Committed to Cutting-Edge Medical Innovation
Qiming Venture Partners remains steadfast in its focus on addressing unmet clinical needs and consistently pursues cutting-edge healthcare innovations with global competitiveness.
Qiming Venture Partners Portfolio Company Tiachen Biologics, a Leader in Allergy and Autoimmune Innovative Drugs in China, Successfully Lists on Hong Kong Exchanges and Clearing Limited
In 2024, Qiming Venture Partners led TianChen Bio's Series B2 round, and then co-led the company's Series C round in 2025.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Vol.18, 2026.6.2
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners' William Hu: China Is Seeing the Birth of a Wave of Global Pharmaceutical Companies
Over the next five to ten years, more highly original R&D breakthroughs are expected to emerge from labs in China and contribute to global pharmaceutical innovation.
Qiming Toutiao | Qiming Venture Partners' Alex Zhou Named to Forbes 2026 Midas List of World's Top Venture Capitalists
The systematic capabilities Qiming Venture Partners has built over nearly two decades: long-term conviction focused on two core sectors, a systematic "half-step ahead" deployment strategy, and full-chain expertise spanning early to growth stages.
Qiming View | Alex Zhou and Chen Nan of Qiming Venture Partners: Witnessing Yunyinggu Technology Team's Exponential Growth, Staying 'Half a Step Ahead' Through Long-Termism
Qiming Venture Partners' investment strategy is becoming increasingly focused, staying committed to deepening its existing circle of competence and building out its portfolio with steady, deliberate execution.
Morning Star | China Display Chip Design Leader Yunyinggu Technology Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
As early as 2019, Qiming Venture Partners led Yunyinggu's Series C round and continued to back the company in its subsequent Series D financing.
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Companies Vol.17, 2026.5.26
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners and Nearly 40 Portfolio Companies Named to VBData 2026 Future Healthcare 100
China's most authoritative and influential innovation benchmark for the healthcare industry
ZhenFund Celebrates Another Angel-Stage IPO in Three Weeks as "UISEE" — the First Full-Scenario L4 Autonomous Driving Stock — Lists on Hong Kong Stock Exchange
Accelerate the large-scale adoption and application of AI drivers.
Qiming Venture Partners' Ye Guantai: In the AI Era, Super Returns Belong Only to Non-Consensus Companies
For the next ten years, China will remain the global center of consumer hardware innovation.
Qiming Headlines | Qiming Venture Partners Healthcare Innovation Investment Team Launches 2026 PhD Summer Internship Program | Bilingual
In this 8–10 week internship program, you'll have the opportunity to work alongside some of the most innovative founders in biotech, health tech, and AI-powered healthcare — with dedicated growth opportunities built just for you.
Spring's End Not Yet Come | Z News
We're looking back at the "highlight reel" from this past April, and we invite you to join us in witnessing the growth of our portfolio companies and what's new at ZhenFund.
Qiming Venture Partners' Wang Shiyu: AI App Explosion Needs a Huge Business Model Overhaul
The real explosion of consumer-facing AI applications may require a massive shift in business models to make it happen.
Qiming Venture Partners Weekly | Top 10 Portfolio Company Updates Vol.15, April 28, 2026
Staying with you to mark the milestone moments of Qiming Venture Partners' portfolio companies
Qiming Headlines | Qiming Venture Partners and Portfolio Companies Win Multiple Awards Including Top 4 on ChinaVenture's 2025 China Best VC Firms List
The "ChinaVenture Ranking" has been published for 20 consecutive years, and is known throughout the industry for its professionalism, authority, and rigor. It is regarded as a bellwether for China's equity investment industry and serves as an important reference for capital commitments from many large institutional LPs.
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Companies Vol.14, 2026.4.21
Staying with you to mark the milestone moments of Qiming Venture Partners' portfolio companies.
Qiming Venture Partners | Connecting World-Class Science with Top Investors: Second Round of Startup Proposals Open for Inaugural S2S China Symposium
We sincerely invite top scientists to visit the S2SChina website and submit proposals, embarking on an accelerated journey from the lab to entrepreneurship.
Qiming Venture Partners-backed precision proteomics leader Alamar Biosciences debuts on Nasdaq
Qiming Venture Partners led Alamar Biosciences' Series A round in 2020, and continued to back the company in its Series B and C rounds.
Qiming Venture Partners | Weijie Sun: DeepWise Aims to Be the Google of Scientific Discovery
The real moat of a scientific product doesn't come from any single breakthrough, but from the feedback, refinement, and repeated iteration that comes from sustained customer use.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.13, 2026.4.14
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Portfolio Companies Dominate 2025 New Economy Top 500 List
This ranking systematically maps the landscape, growth momentum, and evolutionary trajectory of China's new economy enterprises.
OriCell Therapeutics Announces $110 Million Pre-IPO Round, Co-Led by Qiming Venture Partners
Global leader in innovative tumor immunotherapy
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Companies Vol.12, 2026.4.7
Staying with you to mark the milestone moments of Qiming Venture Partners' portfolio companies.
Spring Sets the Stage | Z News
Let's look back at the highlights from the past three months — and we invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Qiming Weekly | Top 10 Updates from Qiming Venture Partners Portfolio Companies Vol.11, 2026.3.31
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Exclusively Leads Medway Medical's Series C Financing
a leading player in China's disposable endoscope market
"Manycore Tech" Clears Hong Kong Stock Exchange Listing Hearing, Linear Capital Is Earliest Angel Investor | Linear Portfolio
Will become the earliest listed company among Hangzhou's "Six Little Dragons."
Qiming Star | Tashi Zhihang CEO Yilun Chen Makes GTC Debut: Globally Unveils AWE 3.0, the First General-Purpose Embodied Large Model That Can Actually Work, Establishing New Path for Physical AI
AWE 3.0's design goals are clear and pragmatic — to get robots truly "out of the greenhouse, onto the job site, and capable of generalizing across tasks."
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.10, 2026.3.24
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners and Its Investors Named to Diyixinsheng's 2025 China Investment Institutions and Individuals Rankings
Designed to unearth a genuine "founder's guide to fundraising, an LP's investment reference."
CODE27 Raises Over $10 Million, Led by Qiming Venture Partners
Building an immersive interaction platform dedicated to exclusive AI characters.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Vol.09, 2026.3.17
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners' Duane Kuang: Investing in AI Is China's Biggest Certainty for the Next 20 Years
Over the past two decades, the venture capital industry has seen its share of ups and downs. We've consistently responded to change by staying true to our core principles: first, an unwavering conviction in China's long-term growth potential and a deep commitment to the Chinese market; second, a steadfast focus on innovation-driven strategies.
Qiming Venture Partners and Portfolio Company Female Leaders Win Multiple Awards
The list and its curation aim to celebrate women's contributions and achievements in China's equity investment sector and to the Chinese economy.
Qiming Venture Partners Weekly | Top 10 Portfolio News Vol.08, 2026.3.10
Staying with you through milestone moments at Qiming Venture Partners portfolio companies
It's Spring Right Now | Z News
We're looking back at the "highlight moments" from the past two months, and we invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Qiming Venture Partners Perspective: Deepening China Healthcare Innovation to Build Global Value Core
Let China's medical innovation achievements benefit the world, and make Chinese innovation a major driving force for global healthcare development.
Qiming Weekly | Top 10 News from Qiming Venture Partners Portfolio Companies Vol.07, 2026.3.4
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Wishes You a Happy Lantern Festival of Harmony, Fulfillment, and Good Fortune
A New Year Dawns; Spring's Tidings Have Arrived
Qiming Venture Partners Co-Leads Nearly 100 Million Yuan Series C Round in Raincong Biotech
J&T Global Express has built a world-leading medical hydrogel technology platform, dedicated to providing innovative medical device solutions for major clinical scenarios such as tumor treatment.
Qiming Weekly: Top 10 Portfolio Company Updates, Vol. 06, Feb. 25, 2026
Staying with you through milestone moments for Qiming Venture Partners' portfolio companies
Three "Tech Guys" Valentine's Day Gift: Early-Stage Portfolio Company Manycore Tech Completes Filing for Hong Kong IPO | Yunqi Capital
Race to become the "first global spatial intelligence stock"
Qiming Venture Partners Portfolio Company Zhipu AI Open-Sources GLM-5: From Code to Engineering, the Best Open-Source Model for the Agentic Engineering Era
On the authoritative global Artificial Analysis benchmark, GLM-5 ranks fourth worldwide and first among open-source models.
Qiming Venture Partners | Pusilihua Founder Professor Song Yangzhou Named to TIME100 Health 2026 List of World's Most Influential People in Health
In the official selection rationale released by TIME, the focus was on the extraordinary contributions that Professor Songyang Zhou and his team at Pusillabio have made in the field of tuberculosis detection.
Qiming View | Three AI IPOs in First Weeks of Year: Qiming Venture Partners' Alex Zhou on Following Power Law, Betting on Long Slopes and Big Tracks in Tech
To Alex Zhou, an IPO is a staging ground — a place to face tougher challenges, build up strength and resources, and prepare to strike.
Qiming Venture Partners Weekly · Top 10 Portfolio News, Vol. 05, 2026.2.11
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Qiming Venture Partners | Global Top Biotech VCs Gather, First S2S China Symposium Startup Proposal Countdown Begins
Top scientists are invited to visit the S2SChina website and submit proposals, embarking on an accelerated journey from the lab to entrepreneurship.
Qiming Star | China's Edge AI Chip Leader Aixin Yuanzhi Debuts on Hong Kong Exchanges and Clearing Limited
Qiming Venture Partners led Aixin Yuanzhi's Pre-A funding round in early 2020, becoming the company's earliest investor, and continued to support the company's growth in two subsequent funding rounds.
Qiming Venture Partners' Alex Zhou: AXERA's "Chip and AI" Expertise and Platform Strategy Built Its Success
Qiming Venture Partners has landed its third AI-related IPO in less than 40 days since the start of 2026.
Morning Star | Qiming Venture Partners and Investors Honored on Touzijia 2025 Annual Equity Investment List
Recognizing investment institutions and individuals who have demonstrated sustained commitment and achieved outstanding results in the equity investment industry over the past year.
Qiming Venture Partners' Zhang Ao: Six Years with NorthMed, Strong Confidence in China Healthcare Innovation Fundamentals
From Qiming Venture Partners' perspective, an increasing number of Chinese medical innovations are demonstrating internationally leading clinical value, and their global competitiveness is rapidly rising.
Qiming Venture Partners Portfolio Company Northmed Technology Debuts on STAR Market
In 2020, Qiming Venture Partners led the Series C round for NorthSea Therapeutics and continued to support the company's growth in its Series D round.
Qiming Venture Partners and Six Team Members Honored on LP CLUB 2025 Annual Rankings
Recognizing outstanding organizations and individuals who have forged ahead with remarkable achievements over the past year, setting new benchmarks for industry development.
Qiming Venture Partners Weekly: Top 10 Portfolio Company Updates, Vol. 04, Feb. 3, 2026
Celebrating milestone moments with you at Qiming Venture Partners' portfolio companies
Qiming Venture Partners and Founding Managing Partner Duane Kuang Named to Global Best Investment Institutions List
From one angle, this reflects China's influence in the global private equity market.
A New Beginning | Z News
We’re looking back on the highlights from the past month of January, and we invite you to join us in witnessing the growth of our portfolio companies and what’s new at ZhenFund.
Five AI IPOs in Seven Months, Qiming Venture Partners: Investing in AI Is the Biggest Certainty for China Over the Next Two Decades
Thirteen years, over 100 portfolio companies, covering the full AI industry chain.
Qiming Venture Partners and Its Investors Win Multiple Awards on China FOF Research Center 2025 Annual Rankings
This is intended to encourage outstanding institutions and talent in private equity fund-of-funds and the broader fund industry, and to promote the healthy development of equity investment.
Qiming Venture Partners Weekly: Top 10 Portfolio Company Updates Vol. 03, Jan. 27, 2026
Join us in celebrating milestone moments for Qiming Venture Partners' portfolio companies
Qiming Venture Partners and Peking University Launch "Building Global Consensus on AI Guardrails" Initiative
Build a shared framework for dialogue among industry, professional communities, and policymakers based on common understanding, driving the formation of foundational international norms of conduct.
Seven Qiming Venture Partners Portfolio Companies Named to Cyzone 100 Future Unicorns List
Uncovering the Forces of Business Transformation Over the Next 3–5 Years
Qiming Weekly: 10 Portfolio Company Updates, Vol. 02, Jan. 20, 2026
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Wins Six Awards on TMTpost 2025 Annual Pioneer List
China's venture capital market has entered a recovery channel, buoyed by the flood of AI.
Qiming Venture Partners Weekly: Top 10 Portfolio Company Updates, Vol. 01, Jan. 14, 2026
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Qiming Venture Partners co-leads Zenitar's nearly 600 million yuan Series C round
late-stage clinical biotech company
Oricell Therapeutics Closes First Tranche of $70M Series C to Accelerate Global Development of Solid Tumor CAR-T Therapies
A global leader in innovative tumor immunotherapy
Morning Star | Zhipu AI, a Pioneer and Leader in China's AGI, Successfully Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
Qiming Venture Partners co-led Zhipu AI's Series B1 round in early 2022 — nearly a year before ChatGPT's release ignited the global large language model wave. It was this funding that enabled Zhipu AI to push through the R&D of its first 100-billion-parameter model, GLM. Qiming Venture Partners continued to back the company in its Series B2 and B4 rounds.
Qiming Venture Partners' Alex Zhou: Zhipu AI's Successful IPO Is a Huge Confidence Boost for China's Long-Term Sectors
Qiming Venture Partners adheres to a "half-step ahead" investment methodology: positioning itself before a major wave coalesces into explicit consensus, yet not so early that it enters purely unconverged scientific exploration. This demands deep industry understanding from the firm and a powerful "radar" network to capture convergence signals.
Qiming View | William Hu: China's Innovation Is Moving From Scattered Breakthroughs to Large-Scale, Comprehensive Advances
Over the next 5–10 years, more highly original R&D breakthroughs are expected to emerge from Chinese labs and contribute to global pharmaceutical innovation.
Qiming Venture Partners Investors Land on ChinaVenture 2025 Investor Rankings
A bellwether for China's equity investment industry and a key reference for major institutional LPs when making allocation decisions.
Qiming Venture Partners and Its Investors Win Seven Awards Including Top 10 Best IPO Investment Institutions of 2025 by IPO Zao Zhi Dao
We hope to highlight investment firms that were bolder in their early-stage bets and backed projects that exerted greater influence on their industries and the market at large.
Qiming Star | Biren Technology, Leading Domestic GPU Company, Successfully Lists on Hong Kong Exchanges and Clearing Limited | Bilingual
Qiming Venture Partners was one of Biren Technology's earliest and most steadfast supporters. When Biren Technology was founded in 2019, Qiming Venture Partners came in as a founding investor, leading the company's first funding round, and has continued to back the company's growth ever since.
Qiming Venture Partners Wins Eight Awards in Zero2IPO's 2025 Rankings, Including Third Place Among China's Top VC Firms
The ranking aims to provide a robust evaluation and reference framework for China's equity investment industry.
Qiming Venture Partners' Kan Chen: Investing in Insilico Medicine four years before OpenAI went mainstream, AIDD platform has broad prospects
After completing its investment in Insilico Medicine, Qiming Venture Partners provided the company with sustained support and substantial assistance.
Qiming Venture Partners Portfolio Company Insilico Medicine Successfully Lists on Hong Kong Exchanges and Clearing Limited
In 2019, Qiming Venture Partners led Insilico Medicine's Series B financing and continued to back the company through its Series C and D rounds. Prior to the IPO, Qiming Venture Partners held approximately 7% of Insilico Medicine's shares, making it one of the company's most important institutional investors.
Qiming Venture Partners and Duane Kuang Win Shanghai Securities News 2025 Eagle Award for Finance
Select the institutions with outstanding annual performance
Qiming Venture Partners ESG | Qiming Venture Partners Rural Revitalization Entrepreneurship Support Program Selected as Global Best Poverty Reduction Case
Telling the world vivid stories of China's rural revitalization
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 45, 2025
Following the milestones of Qiming Venture Partners' portfolio companies, together with you.
Morning Star|Noitom Robotics Closes Pre-A+ Round Led by Qiming Venture Partners
is a data company serving the Embodied Artificial Intelligence and humanoid robotics industry
Qiming Venture Partners Earns Five Spots on 2025 Forbes China Midas List
Identify and recognize 100 investors who have delivered strong performance over the past five years.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 44, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Wins Three Awards at China Securities Journal's 9th Private Equity Golden Bull Awards
The China Securities Journal's 9th Annual Golden Bull Awards for Equity Investment continue to spotlight "patient capital," emphasizing long-term value investing and hard-tech innovation while exploring diversified fund exit pathways.
Qiming Venture Partners and Duane Kuang Named to Jazzyear 2025 China Tech Industry Investment Rankings
The list aims to recognize investors and investment firms with outstanding performance and strong growth momentum in 2025, who have exerted profound influence on the development of China's tech industry.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 43, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Morning Star | Over 20 Qiming Venture Partners Portfolio Companies Win 30 Awards in Zero2IPO's 2025 VENTURE50
The VENTURE50 rankings are China's bellwether for high-growth enterprise investment.
A Whole New World | Z News
We invite you to look back on the past month's "highlight reel" — a look at how our portfolio companies have grown and what's new at ZhenFund.
Qiming Venture Partners Wins 36Kr 2025 China Best ESG Investment Firm
ESG has become a powerful anchor for venture capital firms seeking certainty and reshaping value.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 42, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies.
Qiming Venture Partners Named One of ChinaVenture's 2025 Most LP-Focused VC Firms in China
The "ChinaVenture Ranking" is regarded as a bellwether for China's equity investment industry and serves as an important basis for capital commitments from many large institutional LPs.
Qiming Venture Partners Donates HK$3 Million to Tai Po Wang Fuk Court Aid Fund for Post-Fire Recovery
Qiming Venture Partners responded swiftly, providing tangible support to disaster-affected residents and fulfilling its corporate social responsibility.
Qiming Venture Partners Named to Yicai CFV Top 10 Equity Investment Firms
Financial value is the synthesis of institutional competitiveness, product innovation, human capital, and risk management within the financial industry and markets. It also serves as the micro-foundation for a nation's overall financial strength and stability.
Qiming Venture Partners Weekly | Portfolio Company Updates and Funding News Vol. 41, 2025
Staying with you through milestone moments for Qiming Venture Partners portfolio companies
Qiming Venture Partners' Duane Kuang: Hong Kong Has Become a Key International Financing Channel for Hard-Tech Companies
Today, if companies are "born global," investment firms must evolve into institutions that are "born global" too.
Morning Star | Four Qiming Venture Partners Portfolio Companies Named to NetEase Future Awards 2025 Annual AI List
These companies and individuals are not only the focus of venture capital and industry attention, but have also largely shaped the trajectory of China's AI development.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 40, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Leads Nearly 100 Million Yuan Series B Round in Ronghe Medical, Ushering in New Era for Respiratory Interventional Therapy
Going forward, Ronghe Medical will continue to focus on the frontier of life sciences, deepening the expansion and integration of its core technology matrix, and dedicating itself to developing original medical device solutions with significant clinical value.
Morning Star | Eight Qiming Venture Partners Portfolio Companies Named to QbitAI Research Institute's 2025Q3 AI 100 Product Rankings
The flagship product list represents the leading players in the current landscape, while the innovation product list spotlights the seed candidates poised for future markets. Together, these two lists — spanning from comprehensive strength to breakthrough potential — sketch out a more three-dimensional and authentic map of AI products, offering industry participants and observers a set of reference-worthy benchmarks.
Yangli Pharma closes nine-figure RMB Series B round led by Qiming Venture Partners
Focused on developing first-in-class and best-in-class Class 1 innovative drugs with global intellectual property rights, with a focus on oncology and chronic disease therapeutics.
Aureka Biotechnologies Closes Tens of Millions of Dollars in Series A Funding to Accelerate AI-Powered Antibody Design and Innovative Pipeline R&D
A biotech company focused on generative AI-powered antibody drug development
Qiming Star | Over 30 Qiming Venture Partners Portfolio Companies Named to 2025 China Biopharma Top 100 List
The compilation and release of the frontrunner rankings is a key initiative for identifying forward-looking trends, exploring the frontiers of technology, and establishing a "weather vane" for industry development.
Qiming Venture Partners' Portfolio Company WeRide, a Global Pioneer in L4 Autonomous Driving, Completes Dual Primary Listing on Hong Kong Exchanges and Clearing Limited
WeRide is the Chinese autonomous driving company with the broadest international footprint and the most comprehensive product portfolio, and it is also the only technology company in the world whose products hold autonomous driving permits in seven countries.
Qiming Venture Partners Weekly | Portfolio Company Updates and Funding News Vol. 39, 2025
Staying with you to mark milestone moments for Qiming Venture Partners' portfolio companies
Light Always Finds Its Next Landing Point|Z News
We look back on the "highlight moments" of the past October and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Qiming Weekly | Qiming Venture Partners Portfolio Funding and Updates Vol. 38, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Weekly | Portfolio Company Updates and Funding News Vol. 37, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Qiming Venture Partners Weekly | Portfolio Company Funding and Updates Roundup Vol. 36, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Rebuilding on the Ruins of "Double Reduction": A Conversation with Serial Entrepreneur Liu Ye — From Zuoyebang to Talkit
Keep swimming until the sea turns blue.
Beyond the Set Trajectory | Z News
We look back at the "highlight moments" of the past month and invite you to witness the growth of our portfolio companies and what's new at ZhenFund.
Qiming Weekly | Qiming Venture Partners Portfolio Funding and Updates Vol. 35, 2025
Staying with you through milestone moments at Qiming Venture Partners portfolio companies
Qiming Venture Partners' Portfolio Company Hesai Technology Completes Dual Primary Listing on Hong Kong Exchanges and Clearing Limited
Qiming Venture Partners has long paid close attention to innovation and transformation in the autonomous driving space. In 2019, Qiming Venture Partners participated in Hesai Technology's Series C financing and continued to invest in its Series D round.
Qiming Venture Partners Weekly | Portfolio Company Updates Vol. 34, 2025
Tracking milestone moments with you for Qiming Venture Partners' portfolio companies
Qiming Weekly | Qiming Venture Partners Portfolio News & Updates Vol. 33, 2025
Celebrating milestone moments with you at Qiming Venture Partners' portfolio companies
Qiming Venture Partners Weekly | Portfolio News and Updates Vol. 32, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies.
Qiming Venture Partners Weekly | Portfolio Company Updates Vol. 31, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 30, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Portfolio Companies Showcase Innovations at World Robot Conference 2025
World Robot Conference 2025 will center on the theme "Making Robots Smarter, Making Embodied Intelligence More Intelligent," focusing on expanding application scenarios, frontier technological innovation, breakthroughs in key technologies, new product launches, and international cooperation. It will showcase the latest scientific research achievements, application products, and solutions from the global robotics field.
Qiming Venture Partners Weekly | Portfolio Companies Funding and Updates Vol. 29, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies.
Qiming Weekly | Qiming Venture Partners Portfolio Companies: Funding and Updates Vol. 28, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 26, 2025
Join us in spotlighting milestone moments for companies in Qiming Venture Partners' portfolio.
Guest Lineup Revealed | Register Now for 2025 WAIC Qiming Venture Partners · Entrepreneurship and Investment Forum — Venture Capital Enters AI Technology and Application Resonance Cycle
This sub-forum will showcase and explore the latest breakthroughs in AI technology and applications through the lens of innovation. Qiming Venture Partners will bring together leading scholars and top entrepreneurs in the field — from both the startup and investment perspectives — for four keynote speeches and four panel discussions.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 25, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Stars | Multiple Qiming Venture Partners Portfolio Companies Appear at 2025 Summer Davos Forum
As a dialogue platform hailed as a "barometer of the world economy," the Summer Davos Forum brings together global leaders, innovators, and changemakers to tackle pressing economic challenges and explore new frontiers of sustainable and inclusive growth.
Qiming Weekly | Qiming Venture Partners Portfolio Companies Funding and Updates Vol. 23, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Beyond the Cliff, Grass Yet Untrodden | Z News
We stand ready to receive, in the depths of our being, those miracles that arrive unforeseen.
Qiming Venture Partners Weekly | Portfolio Company Updates and Funding News Vol. 22, 2025
Following Qiming Venture Partners' portfolio companies' milestone moments with you
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 20, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Star | Hesai Technology's David Li: Focus on In-House High-Performance Products and Continuously Improve Operational Efficiency
Each generation of products demands radical innovation and heavy upfront investment to strike a balance between lower costs and high performance.
Qiming Weekly | Qiming Venture Partners Portfolio Companies: Funding and Updates Vol. 18, 2025
Staying with you through milestone moments for Qiming Venture Partners' portfolio companies
ZhenFund angel project "Lexiang Technology" announces completion of angel+ round, bringing total angel-round financing to nearly RMB 300 million | Z News
The proceeds from this round will go primarily toward team building and the mass production and development of the product platform.
ZhenFund angel project "Weiming Shiguang" announces completion of strategic funding round of nearly 100 million RMB | Z News
The proceeds from this round will be used to accelerate the advancement of its diversification and globalization strategy.
Qiming Venture Partners' Duane Kuang: China's new quality productive forces are going global, and the venture capital industry can play an important role
Venture capital firms' tolerance for high risk and focus on long-term value inherently make them adventurous, willing to back technological innovation. By building a closed innovation loop that moves from "blood transfusion" to "blood creation," they can deeply embed themselves in company growth. And they have the ability to identify the most promising entrepreneurs and the most compelling directions for innovation.
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 16, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Portfolio Companies Participate in 21st Shanghai International Auto Show
The 2025 Shanghai Auto Show marked a milestone in the Chinese auto industry's march toward globalization, with China's relentlessly charged innovative energy opening up fresh growth space for the global automotive industry.
Early Spring Warms, All Things Compete to Bloom|Z News
Spring winds stir fresh green growth; the journey never pauses.
Qiming Weekly | Qiming Venture Partners Portfolio Companies: Funding and Updates Vol. 15, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
ZhenFund angel project "Yaosu Technology" announces completion of new tens of millions of yuan funding round | Z News
The proceeds from this round will be used to accelerate the construction of its organ chip, wet lab, and AI algorithm "3D-Wet-AI" closed-loop system, and to further expand international partnerships and multi-scenario commercial deployment.
Qiming Venture Partners Weekly | Portfolio News and Updates Vol. 14, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Portfolio Companies Dominate China AI Top 300 List
The rankings prioritize technical capability and commercialization potential, offering a panoramic survey of China's systematic breakthroughs in AI technology.
Qiming Weekly | Qiming Venture Partners Portfolio Funding and Updates Roundup Vol. 13, 2025
Following Qiming Venture Partners' portfolio companies' milestone moments with you
Qiming Venture Partners Weekly | Portfolio Company Updates and Funding News Vol. 12, 2025
Staying with you through the milestone moments of Qiming Venture Partners' portfolio companies
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 11, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 10, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Venture Partners Weekly | Portfolio News and Updates Vol. 09, 2025
Celebrating milestone moments with Qiming Venture Partners' portfolio companies
Qiming Weekly | Qiming Venture Partners Portfolio News and Updates Vol. 08, 2025
Following Qiming Venture Partners' portfolio companies and their milestone moments with you.
ZhenFund Angel Project "Zhaogang Group" Successfully Lists on Hong Kong Stock Exchange Main Board | Z News
Warm congratulations to Zhaogang Group!
A New Year Begins, All Things Renew | Z News
A new year brings new beginnings, and Wanwu Capital is full of fresh energy.
ZhenFund Early-Stage Portfolio Company LinkZill Closes Tens of Millions of RMB in Series A Funding | Z News
The proceeds from this round will be used to accelerate product delivery and expand into global markets.
ZhenFund angel project "Colossal-AI" (Luchao Technology) closes new funding round | Z News
Focused on world-class large video-generation models.
ZhenFund angel project "Lexiang Technology" announces completion of nearly RMB 200 million angel round | Z News
Valued at roughly 600 million RMB, the company is making a push into the consumer hardware arena.
A New Year Dawns, Auspicious Energy Fills the Door|Z News
Welcoming the Year of the Snake, embarking on a new journey.
Ban one TikTok, and a thousand TikToks will rise in its place | Undercurrent Worldview
The Perils of Globalization for Chinese Companies
The year draws to a close; a new chapter begins | Z News
A warm winter for good things.
ZhenFund early-stage project "SatSense" (*Xingce Weilai*) announces completion of tens of millions of RMB in Pre-A++ round | Z News
Contributing to space-based computing infrastructure and supporting China's strength in aerospace.
ZhenFund Angel Project "Hyde Hydrogen Energy" Announces New Strategic Investment from Aramco Ventures | Z News
Amaravati Ventures' first investment in the Asia-Pacific hydrogen energy sector.
ZhenFund angel project **Zhongke Ruiyi** announces completion of tens of millions of RMB in Series A+ funding | Z News
The proceeds from this round will be used primarily for product R&D, clinical trials, product registration, and market expansion.
Flexiv's strategic incubatee Noematrix Intelligence announces completion of hundreds of millions of RMB in Pre-A+ funding | Z News
Noetic Space Intelligence secured three rounds of funding within a year.
ZhenFund early-stage portfolio company "Qbit" announces completion of $10 million B1 round | Z News
Use financial innovation to drive global growth for companies expanding overseas.
ZhenFund Angel Project Horizon Robotics Successfully Lists on Hong Kong Stock Exchange Main Board | Z News
This marks ZhenFund's sixth IPO this year. Congratulations to Horizon Robotics!
Autumn Dreams, Good Fortune on the Breeze | Z News
A hint of coolness in September.
ZhenFund angel project "Luchuang Technology" announces completion of hundreds of millions of RMB in Series A++ funding | Z News
Dedicated to building world-class large-scale video generation models.
ZhenFund angel project "MenuSifu" announces $40 million Series B funding round | Z News
MenuSifu helps Chinese restaurant brands go global.
ZhenFund Early-Stage Project "XCharge" Successfully Lists on Nasdaq | Z News
Warm congratulations to XCharge! A new journey begins — the future is bright!
Flexiv's strategic incubatee **Qiongche Intelligence** announces completion of hundreds of millions of RMB in Pre-A funding round | Z News
Proceeds from this round will go toward product R&D, commercial expansion, and talent recruitment.
ZhenFund's early-stage portfolio company Infinigence AI announced the completion of a nearly 500 million yuan Series A financing round | Z News
It has raised nearly RMB 1 billion in total funding.
ZhenFund Angel Project "Hyde Hydrogen Energy" Announces Completion of New Funding Round | Z News
China's most innovative green hydrogen technology company.
ZhenFund-Backed LuminWave Raises Tens of Millions of Yuan in C2 Round | Z News
The proceeds from this round will go toward rapid R&D iteration and mass production of high-end 3D camera chips.
Summer rains bring gentle relief, good things flourish like green grass | Z News
Long, languid July.
ZhenFund Early-Stage Project "NIP Group" Officially Lists on Nasdaq: China's First Esports Stock Is Born | Z News
Warm congratulations to NIP Group, the "first esports stock of China"!
Looking Back at 2023: The World Has Really Changed
These people and events reshaped 2023 — and will shape the years ahead.
Today, we try to pry open the "black box" of autonomous driving.
When ZhenFund's youngest partner faced life's greatest joy and sharpest pain all at once
"Life is a wilderness."
Hesai Group surged 10% in its IPO — a promising start to 2023
Get moving!















































































































































