PRI Signatory Qiming Venture Partners Joins the UN

February 25, 2024, Shanghai /PRNewswire/ — Leading Chinese venture capital firm Qiming Venture Partners has announced that it has signed the Principles for Responsible Investment (PRI), which are backed by the UN. Through the PRI, Qiming has become a part of a global network of more than 5,000 signatories who are all committed to forming a sustainable global financial system that promotes growth for businesses, investors, the environment, and society at large.

Duane Kuang, Founding Managing Partner of Qiming Venture Partners, said, “The signing is a testament to our commitment to Environmental, Social, and Governance (ESG) values as we practice responsible investment.” “PRI offers us an effective framework that incorporates ethical and sustainable factors into our investing and decision-making processes. It advances our goals of encouraging sustainable growth and making a constructive social effect.”

Qiming intends to further develop its ESG strategy, design and implement various projects, and submit annual reporting on activities and progress to PRI. Qiming will capitalize on PRI’s vast array of investor tools, guidelines, case studies, and collaborative engagement opportunities, among other things.

Through significant initiatives, Qiming continues to show its dedication to corporate social responsibility and ESG principles. Qiming aggressively looks to invest in companies that respect and apply ESG principles, mostly in the technology and consumer and healthcare industries. This has resulted in the endorsement of multiple energy-saving, environmentally responsible, and efficient businesses, including robots, automated machines, and new energy automotive ecosystems. Qiming is concentrated on meeting unmet patient demands worldwide when it comes to healthcare investments.Since its founding, Qiming has placed a high priority on developing female leadership inside the company and its portfolio firms, promoting gender parity in job prospects and professional advancement. To further support Qiming’s ongoing ESG initiatives, the company has recently launched programs like Employee Charity Leave and Charity Month, which encourage staff members to get involved in the community and advance public welfare by planning and carrying out charitable events on their own.The “China Rural Revitalization Entrepreneur Support Program” was introduced in December 2021 by Qiming and the China Rural Development Foundation. Under this program, Qiming pledges to donate RMB 100 million over a ten-year period to support programs that will train and empower 2,000 rural entrepreneurs and support 40 social organizations in 40 counties to encourage rural development. By the end of 2023, the initiative had effectively enabled 683 entrepreneurs, 20 of whom had received initial money. It had also supported 11 social organizations at the county level in developing areas like Yunnan and Guizhou.

Qiming Venture Partners, a prominent venture capital firm in China, was established in 2006 and has offices in Shanghai, Beijing, Suzhou, Hong Kong, and Singapore.

With $9.5 billion in money raised to date, Qiming Venture Partners is now managing eleven US dollar funds and seven RMB funds. Since our founding, we have made early-stage and growth investments in exceptional businesses in the technology and consumer (T&C) and healthcare sectors.

We have backed over 530 rapidly expanding and creative businesses since our founding. More than 200 companies in our portfolio have successfully exited through M&A, other ways, IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange. Additionally, more than 70 of the portfolio companies are unicorns or super unicorns.

APT Medical (SHSE:688617), New Horizon Health (SEHK:6606), Sanyou Medical (SHSE:688085), AmoyDx (SZSE:300685), Berry Genomics (SZSE:000710), SinocellTech (SHSE:688520), UBTech (SEHK:9880), Yuanxin Technology, Caidya, Belief BioMed, WeRide, Biren Technology, and many more are among the most prominent companies in their respective sectors today.