SHANGHAI, November 18, 2020-- Qiming Venture Partners today announced the final closing of Qiming Venture Partners Fund VII, a $1.2 billion fund focuses on early-stage Healthcare and TMT investments. As of today, this is the largest VC fund raising in 2020 which primarily focuses on China market investments, according to public information. As in prior funds, the vast majority of Fund VII's capital comes from a prestigious group of endowments, foundations, family offices, and private pensions.