Wednesday, May 18, 2011
Silicon Dragon: China Fund Rush, Hurry to Do Victory Lap
Just when China venture goes sky high, Qiming Venture Partners has jumped in with a new $450 million fund and plans to raise an additional 700 million RMB ($108 million) fund.
No one’s more eager to do a victory lap from investing in emerging Chinese companies than Qiming founder and managing director Gary Rieschel (see my photo). If he hurries, his timing may be good.
China venture is getting overheated and is bound to bottom out again in a few years. Rieschel noted there are “definitely sectors that are very hot.”
To read more of this post, please click Forbes link: