HomeChinaQiming Venture Partners Becomes a UN PRI Signatory

Qiming Venture Partners Becomes a UN PRI Signatory

Qiming Venture Partners

China’s venture capital firm Qiming Venture Partners recently signed the United Nations-supported Principles for Responsible Investment (PRI).

By signing the PRI, Qiming has joined an international network of over 5,000 signatories that share a mission to shape a global sustainable financial system that ensures growth for investors, enterprises, environment, and the wider society.

Benefiting from PRI’s extensive array of investor tools, guidelines, case studies, collaborative engagement opportunities among others, Qiming plans to further advance its ESG approach, design and implement various initiatives, and submit annual reporting on activities and progress to PRI.

Within two primary sectors of investment – Technology & Consumer and Healthcare, the firm proactively seeks investments in businesses that uphold and implement ESG values. This has led to the support for numerous efficient, energy-conscious, and eco-friendly companies, spanning new energy automotive ecosystems, automated machinery, and robotics. In healthcare investment, Qiming is focused on addressing unmet needs for global patients.

Commenting on the signing, Duane Kuang, Founding Managing Partner of Qiming Venture Partners, said: “The signing is a testimony to our commitment to Environmental, Social, and Governance (ESG) values as we practice responsible investment. PRI provides us with a robust framework that integrates sustainability and ethical considerations into our investment and decision-making process. It strengthens our mission of promoting sustainable growth and creating positive social impact.

Founded in 2006, Qiming Venture Partners is a venture capital firm with offices in Shanghai, Beijing, Suzhou, Hong Kong in China, and Singapore.

Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since the debut, the firm has backed over 530 companies. Over 200 of portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

VCWire

26/02/2024