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Investorvc

Qiming Venture Partners (启明创投)

China venture firm founded in 2006, investing in early and growth-stage technology/consumer and healthcare companies. Manages US dollar and RMB funds with about $9.5B in capital raised.

Website

1 lab backed

StepFun (阶跃星辰)

Shanghai foundation-model lab founded by ex-MSRA Chief Scientist Jiang Daxin (姜大昕). Densest MSRA-diaspora cluster. Yin Qi (印奇, Megvii co-founder) became chairman January 2026.