# Qiming Venture Partners

Qiming Venture Partners is a Venture Capital based in Hong Kong, China.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, China
- **Region:** North America
- **Address:** Shanghai, China
- **Founded:** 2006
- **Assets under management:** $9.5B (per the firm, 2026)
- **Website:** www.qimingvc.com
- **LinkedIn:** https://www.linkedin.com/company/qiming-venture-partners
- **Wikidata:** Q105334508

## Regulatory record

- **CRD number:** 160844
- **SEC file number:** 802-74718
- **Registration status:** ACTIVE
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** Yes
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160844

## About

Qiming Venture Partners is a venture capital firm founded in 2006 that focuses on early- and growth-stage companies in technology and healthcare innovation. It manages 11 USD funds and 7 RMB funds with total assets under management of US$9.5 billion. The firm has invested in more than 580 high-growth innovative companies, with over 210 exits via IPO or M&A.

## Sectors

- AI/ML
- Enterprise Software
- Healthcare Services
- Industrial Tech
- Media & Entertainment
- Mobility & Transportation
- Robotics & Automation
- Semiconductors

## Offices

- Beijing
- Hong Kong
- Suzhou

## People

- Duane Kuang — Founding Managing Partner
- Nisa Leung — Managing Partner
- William Hu — Managing Partner
- Zhifeng Zhou — Managing Partner

## Questions

### Who runs investment decisions at Qiming Venture Partners?

Investment decisions are led by the founding managing partner Duane Kuang alongside managing partners Nisa Leung, William Hu, and Zhifeng Zhou. Sector-specific investment committees operate within the technology and healthcare verticals, with each managing partner holding authority within their domain. The firm's partnership structure has remained stable across multiple fund cycles, with the founding partners still actively involved in deal sourcing and portfolio management.

### How does Qiming source proprietary deal flow?

Qiming sources deal flow through a combination of thematic research, founder referrals from its 580-plus portfolio companies, and deep relationships with universities, research hospitals, and corporate R&D centers in China. The firm's positioning as a top-tier brand with a demonstrated IPO track record — over 210 exits — means it often sees deals before competitors. Its dual-currency structure also attracts founders who want to keep listing jurisdiction options open, which creates an inbound flow that pure-USD or pure-RMB firms do not capture.

### Is Qiming structured as a traditional venture firm or does it operate more like a growth equity platform?

Qiming operates as a stage-agnostic venture capital firm that deploys capital from seed through late-stage pre-IPO rounds. Roughly 70% of initial investments are made at Series A and B, with reserved capital for follow-on investments through subsequent rounds. The firm also manages separate RMB funds that allow it to participate in China's domestic capital markets, making it more of a hybrid platform than a pure early-stage venture firm.

### Does Qiming participate in fund commitments or only direct deals?

Qiming invests exclusively through direct equity positions in portfolio companies and does not operate a fund-of-funds program. The firm makes primary investments in operating companies across its target sectors, takes board seats, and holds positions through IPO or M&A exit.

### What investment stages does Qiming typically target?

Qiming targets the full venture lifecycle — seed, Series A, Series B, and growth-stage rounds — with a concentration at Series A and B. The firm reserves capital for follow-on pro-rata investments and can write checks from seed-stage amounts up to late-stage growth equity, depending on the fund vehicle and sector.

## Related profiles

- [Qiantang Group](https://altss.com/profile/qiantang-group)
- [Q-Impact](https://altss.com/profile/q-impact)

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Last updated: 2026-08-11T15:07:49.000Z

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