Qiming Venture Partners, the Chinese venture capital (VC) firm that has invested in the country’s smartphone maker Xiaomi Corp and food delivery giant Meituan, on Thursday announced that it has hit the final close of a new Chinese yuan fund at 6.5 billion yuan ($928.3 million).
As Qiming’s seventh flagship RMB fund, the vehicle will continue to focus on early- and growth-stage opportunities in two main areas, namely technology and consumer, as well as healthcare, said Qiming in a post on its WeChat official account.