On November 18, Qiming venture capital announced today that it would close the seventh US dollar fund for fund-raising. The scale of the new fund is as high as 1.2 billion US dollars, which is the largest US dollar venture capital fund publicly available in the year. The fund mainly focuses on medical health and TMT. Founded in 2006, Qiming venture capital has invested in 370 enterprises, including 40 investment enterprises such as Xiaomi
group, meituan and BiliBili.