Tech
Xiaomi-backer Qiming Venture wants to pump $800 million into Chinese AI startups
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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.
Qiming, led by founding managing partners Gary Rieschel and Duane Kuang, is part of a handful of…
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