Xiaomi-Backer Qiming Venture Seeks $800 Million in Funding
This article is for subscribers only.
Qiming Venture Partners, the early backer of tech heavyweights Meituan and Xiaomi Corp., is seeking to raise about $800 million to ride a wave of renewed interest in Chinese AI startups, according to people familiar with the matter.
The company will cap the fundraising at $1 billion, the people said, asking not to be named because the matter is private. The plans are preliminary and may change, they added. A representative for the fund declined to comment.