News Snapshot:
(Bloomberg) -- Qiming Venture Partners raised $3.2 billion across two new funds, joining Sequoia China and IDG in securing fresh capital as investors grow more sanguine about the country’s startup arena. Most Read from Bloomberg Elon’s Out Trump Lashes Out at Elon Musk and ‘Rotten’ Twitter Deal Putin’s New Weapon of Mass Disruption: Kazakh Oil Who Shot Shinzo Abe and Why? Everything We Know So Far Biden’s Quest for Saudi Oil Faces Reality-Check of Slim Capacity Qiming, known for early bets on tech giants from ByteDance Ltd. to Meituan and Xiaomi Corp., becomes at least the third venture house in...
