Qiming closes three new funds

Qiming Venture Partners closed two U.S. dollar funds and one renminbi fund totaling nearly $1.4 billion on April 16.

Qiming Venture USD Fund VI closed with $935 million and Qiming Venture RMB Fund V raised RMB2.1 billion ($334.3 million). Both funds will invest in Chinese healthcare, IT, cleantech, internet and consumer companies...