Shanghai, China, June 19, 2014 -- Qiming Venture Partners ("Qiming"), a leading venture capital firm in China, today, announced the addition of Kuantai Yeh (叶冠泰), as a partner focused on investment in the Information Technology (“IT”) sector, and Jing Wu (吴静), as a partner focused on investment in the Internet and Consumer ("Intersumer") sector.
Kuantai has over 20 years of working experience in venture capital, investment banking, and in high tech companies. Prior to joining Qiming, he was a managing director at Highland Capital Partners and Intel Capital based in China for nearly 10 years. His investment portfolio includes many companies in the semiconductor, software, Internet and mobile Internet sectors, out of which 5 have successfully completed IPO. These portfolio companies include: Tuniu (Nasdaq: TOUR), Actions Semi (Nasdaq: ACTS), Montage Technology（Nasdaq:MONT), Parade Technology(GTSM:4966), 6.cn, Gamewave, Kascend and Yeepay. Prior to that, Kuantai was a Vice President at Credit Suisse, responsible for the Asia Technology Investment Banking business. Kuantai began his career at Cypress Semiconductors based in the Silicon Valley where he was an R&D Manager and a Wafer Fab Engineering Manager. He is the owner of 2 US patents in semiconductor technology. The prestigious Forbes Midas List has recognized Kuantai as one of the top venture capitalists in China. He holds an MBA degree, an MENG degree in Electrical Engineering, and a BS degree in Electrical Engineering and Materials Science, all from Cornell University.
Kuantai is a highly experienced technology investor in the venture capital industry. He knows how to add value and guide his portfolio companies to reach maturity in their business and to create successful exits for investors. “We were just a small start-up company when we decided to enter into the business of designing memory buffer ICs for the advanced computer server market. Kuantai had a unique understanding of our capabilities and provided his unlimited support for us through thick and thin. We couldn’t have achieved our successful results today without his help,” stated Howard Yang, CEO of Montage Technology (Nasdaq: MONT). Donald Yu, CEO of Tuniu.com (Nasdaq: TOUR) said, “Kuantai understands the complexity of running Chinese Internet companies successfully and how to take them to global capital markets. Kuantai has been indispensable in helping Tuniu achieve its objectives through his great advice and by helping us recruit top talents to fill urgently needed key management positions”.
Kuantai said, “For many years, I have admired Qiming Venture Partners’ investment philosophy and team-oriented culture, as it has resulted in the great successes of many portfolio companies. I feel very privileged to be a part of the Qiming team, and look forward to investing in and working closely with many highly qualified entrepreneurs to change the world through innovation.”
"Kuantai is a well recognized veteran in China’s venture capital industry. His unique background of operating and investing experience, especially in the technology areas, is well suited for Qiming’s sector focused investment approach. We are excited to have Kuantai join the Qiming family to help expand our capability in the fast growing technology investment area. This latest addition to the Qiming team is another evidence of our commitment to build the best investment team to serve our LP’s and our entrepreneurs.” said Duane Kuang (邝子平), a managing partner of Qiming Ventures.
Jing has 12 years of working experience in venture capital and high tech companies. She was a Vice President at CITIC Private Equity leading TMT and consumer investments prior to joining Qiming. Before CITIC PE, she was an Investment Director at Shanda Capital, leading Shanda’s venture investments and M&A activities in the areas of internet, mobile and media. Jing was the China Representative of Bessemer Venture Partners and a consultant of McKinsey Shanghai. Prior to starting her career in consulting and fund management, Jing was a senior engineer at Oracle. Jing holds a B.S. in computer science from Beijing University, an M.S. in computer science from University of Maryland at College Park, and an MBA from Harvard Business School.
Jing is based in Qiming’s Beijing office. She said "Qiming's high caliber team and spirit of partnership attract me. It has been a great privilege to join the Qiming family. Beijing is a wonderful place for entrepreneurship and innovation. I look forward to working with Qiming team to invest in great companies"
Earlier this year, Qiming has hired Helen Wong as a partner for its Internet and consumer practice.
Helen is a long time venture capitalist and had spent 11 years at GGV Capital and Venture TDF. She was an early investor in Tudou, which listed successfully on the NASDAQ and subsequently merged with Youku (NYSE: YOKU) at over $1 billion valuation. She is a Kauffman Fellow and received degrees from Cheung Kong Graduate School of Business, INSEAD, and Oxford University.
JP Gan (甘剑平), a managing partner of Qiming Ventures，commented, "We continue to have high caliber industry veterans join us as we grow our reputation and asset base. I look forward to working with all of them to invest in the next big thing and build great companies.”
Qiming Venture Partners Introduction
Qiming Venture Partners is a leading venture capital firm in China with offices in Shanghai, Beijing, Hong Kong, Suzhou and Seattle. Founded in February 2006. Qiming currently manages six funds with $1.6 Billion in assets and focuses on early to growth stage investments in Internet and Consumer (Intersumer), Healthcare, Information Technology, and Cleantech industries. Qiming's 30 partners and investment professionals who all have strong operational experience and successful investment track records add a great deal of value to the portfolio companies. Qiming has invested in over 100 companies and many of them have gone IPO or mergers and acquisitions. Qiming has established a great reputation and strives to be the top investment partner by the Chinese entrepreneurs.
