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Qiming Venture Partners

启明创投

Qiming Venture Partners is a Chinese venture capital firm founded in 2006 by founding managing partner Duane Kuang, focused on early- and growth-stage companies in technology and healthcare . As described in its own mid-2026 materials, it manages 11 USD funds and 7 RMB funds totaling $9.5 billion, has backed over 580 companies, seen more than 210 of them list or exit via M&A, and counts over 80 recognized unicorns in the portfolio . Its best-known wins span the consumer-internet era — Xiaomi, Meituan, Bilibili, Zhihu — and an increasingly industrial and healthcare-heavy book including Zai Lab, Insilico Medicine, and WeRide . As 暗涌Waves framed it when Qiming raised a record 6.5 billion RMB fund in 2023, the firm has ridden multiple cycles from internet bets into pharma and hard tech, with Kuang insisting scale was never the goal .

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Qiming Venture PartnersFund
启明创投
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