Qiming Launches Smaller Fund Amid Declining LP Interest in China

Qiming Venture Partners, a prominent venture capital firm in China, has launched a new fund with a smaller size amid waning interest from limited partners (LPs) in China. The new fund, which focuses on early-stage investments, is significantly smaller than Qiming's previous funds. The firm's move reflects the challenging fundraising environment in China, where many LPs are shifting their focus to other markets such as the US and India.