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Qiming Venture Partners

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2023

    Qiming Venture Partners' "Wiretap Storm" due diligence violation

    In September 2023, while conducting due diligence on a portfolio company, a Qiming Venture Partners project team invited a competitor's founder to sit in on a meeting without the founder's consent, and was accused of "extracting trade secrets," causing an uproar in the venture capital circle. An internal investigation determined that the team violated due diligence procedures and was dishonest in communication, but found no assistance in obtaining trade secrets. Three involved employees were respectively suspended from investment activities, demoted, and given salary cuts; Qiming Venture Partners publicly apologized.

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