Chinese VC Qiming closes RMB Fund VI at $440m to back healthcare, TMT startups

Chinese VC Qiming closes RMB Fund VI at $440m to back healthcare, TMT startups

Shanghai, China. Source: Robynne Hu/Unsplash

Qiming Venture Partners announced on Tuesday the final closing of its RMB-denominated Fund VI at 2.852 billion yuan ($440.3 million) as the China-based venture capital (VC) major ups its stake in early- and-growth-stage healthcare and TMT startups.