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SHANGHAI, November 30, 2025 /PRNewswire/ — On the afternoon of November 26, a major level 5 fire spread to several residential buildings in Wang Fuk Court in Tai Po, Hong Kong, causing serious losses and arousing widespread public concern. In response, on November 28, Qiming Venture Partners donated HK$3 million to the Tai Po Wang Fuk Legal Aid Fund established by the HKSAR Government, to support affected residents and contribute to post-disaster reconstruction.
The HKSAR Government established the Tai Po Wang Fuk Legal Aid Fund on November 27, with an initial allocation of HK$300 million, to coordinate social resources and fully ensure rescue and recovery assistance. The fund is also open to donations from the public, aiming to unite support from all walks of life to facilitate effective distribution of aid. Qiming Venture Partners responded quickly with this donation, to help those affected while fulfilling its corporate social responsibility.
Qiming Venture Partners expresses its condolences to the families affected by the major fire and our deepest respect to the firefighters and rescue personnel on the front lines. We are grateful for their exceptional professionalism and selfless dedication that has been evident throughout the crisis. Qiming hopes its contribution will help alleviate the challenges faced by affected residents and support their rapid return to normal life. Qiming also calls on more social forces to join relief efforts and contribute to the reconstruction of affected communities.
About Qiming Venture Partners
Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US dollar funds and seven RMB funds with $9.5 billion in raised capital. Since our inception, we have invested in exceptional companies in the technology and healthcare sectors, at both early and growth stages.
Since our start, we have supported more than 580 innovative and fast-growing companies. More than 210 of our portfolio companies have completed exits via IPOs on the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange or Shenzhen Stock Exchange, or through mergers and acquisitions or other means. There are also more than 80 portfolio companies that have achieved unicorn or super unicorn status.
Many of our portfolio companies are the most influential companies in their respective industries today, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, HESAI, UBTech, WeRide, HyperStrong, Insta360, Unisound, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, Sanyou Medical, AmoyDx, SinocellTech, AusperBio, Yuanxin Technology, Insilico Medicine, Medilink Therapeutics, LaNova Medicines, zai, StepFun, among others.
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SOURCE Qiming Venture Partners
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Source: PR Newswire
